Illinois Senate Bill 114 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 3 2021 - 25% progression, died in committee
Action: 2021-04-16 - Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Condominium Property Act. Provides that to sell a condominium property, there shall be the following percentage of affirmative votes of the unit owners: 75% for a property with 4 to 6 units (rather than 4 or more units); or 85% for a property with 7 or more units. Provides that an association that has agreed to sell the property shall inform the unit owners that the association may choose outside counsel to represent its interests during the sale process. Provides that it is a violation for a person, partnership, corporation, or other legal entity entitled to transact business on behalf of others, acting on behalf of one seeking to communicate with a unit owner for the purpose of purchasing his or her property once the unit owner has affirmatively requested that such a communication not be made. Provides that the bylaws shall provide that unless a lesser percentage of ownership is provided for in the bylaws, no person, heir assign, family member, affiliate, partnership, corporation, or other legal entity entitled to transact business on behalf of others may own more than 10% of the units for a property containing 30 or more units, more than 15% of the units for a property containing 20 to 29 units, more than 20% for a property containing 5 to 19 units, and no more than a single unit for a property containing fewer than 5 units. Provides that it is a power and duty of the board of managers to: reject any arrangement that establishes an agreement for a buyer to purchase a property; and refrain from investigating an offer to purchase a property without first receiving authorization from the association through an affirmative vote of not less than 75% of unit owners based on the percentage of ownership. Provides that every officer and member of the board who violates, participates in, or permits any of the officers, agents, or assigns of the board to breach his or her fiduciary duty shall be held liable in his or her personal or individual capacity. Provides that the board of managers shall keep and maintain: all statements from licensed independent contractors validating the need and the cost for any expenditures for repair, replacement, or restoration of the common elements; and the communications of any member of the board of managers regarding an attempt to sell the condominium property. Makes other changes. Makes a corresponding change in the Common Interest Community Association Act.

CONDOMINIUMS-SALE OF PROPERTY

Sen. Sara Feigenholtz [D]

Sen. Mike Simmons [D]

Date	Chamber	Action
2021-04-16	Senate	Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
2021-04-16	Senate	Rule 3-9(a) / Re-referred to Assignments
2021-04-14	Senate	Postponed - Judiciary
2021-04-13	Senate	Senate Committee Amendment No. 1 Postponed - Judiciary
2021-04-13	Senate	Postponed-Subcommittee on Property Law
2021-04-13	Senate	Senate Committee Amendment No. 1 Assignments Refers to Judiciary
2021-04-09	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2021-04-09	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Sara Feigenholtz
2021-03-05	Senate	Added as Co-Sponsor Sen. Mike Simmons
2021-03-03	Senate	To Judiciary- Property Law
2021-02-09	Senate	Assigned to Judiciary
2021-02-03	Senate	Referred to Assignments
2021-02-03	Senate	First Reading
2021-02-03	Senate	Filed with Secretary by Sen. Sara Feigenholtz

Chapter	Article	Section	Citation Type	Statute Text
765	160	1-30	Amended Code	Citation Text
765	605	15	Amended Code	Citation Text
765	605	18	Amended Code	Citation Text
765	605	18.4	Amended Code	Citation Text
765	605	19	Amended Code	Citation Text
765	605	9	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=114&GAID=16&DocTypeID=SB&SessionID=110&GA=102
Text	https://www.ilga.gov/legislation/102/SB/10200SB0114.htm
Amendment	https://www.ilga.gov/legislation/102/SB/10200SB0114sam001.htm