IL SB2221 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 7 2025 - 25% progression
Action: 2025-03-21 - Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 7 2025 - 25% progression
Action: 2025-03-21 - Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Probate Act of 1975. Provides that in any proceeding to sell or mortgage real estate, if the secured creditors cannot be satisfied in full, then the court may not direct the sale without the secured creditor's approval to accept partial satisfaction; and if the secured creditors cannot be satisfied in full, a sale of the property is not considered necessary for the effective administration of the estate. Effective immediately.
Title
PROBATE SALE-MORTGAGE PROPERTY
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-03-21 | Senate | Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments |
| 2025-03-21 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 2025-03-18 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Judiciary |
| 2025-03-14 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2025-03-14 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick |
| 2025-03-05 | Senate | To Special Issues |
| 2025-02-25 | Senate | Assigned to Judiciary |
| 2025-02-07 | Senate | Referred to Assignments |
| 2025-02-07 | Senate | First Reading |
| 2025-02-07 | Senate | Filed with Secretary by Sen. Robert F. Martwick |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 755 | 5 | 20-6 | Amended Code | Citation Text |
