Bill Text: IL HB0961 | 2011-2012 | 97th General Assembly | Introduced
Bill Title: Amends the Code of Civil Procedure. Makes a technical change in provisions concerning exemption of homesteads from enforcement of judgments.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2013-01-08 - Session Sine Die [HB0961 Detail]
Download: Illinois-2011-HB0961-Introduced.html
| ||||||||||||||||||||
| ||||||||||||||||||||
| ||||||||||||||||||||
| ||||||||||||||||||||
| ||||||||||||||||||||
1 | AN ACT concerning civil law.
| |||||||||||||||||||
2 | Be it enacted by the People of the State of Illinois, | |||||||||||||||||||
3 | represented in the General Assembly:
| |||||||||||||||||||
4 | Section 5. The Code of Civil Procedure is amended by | |||||||||||||||||||
5 | changing Section 12-901 as follows:
| |||||||||||||||||||
6 | (735 ILCS 5/12-901)
(from Ch. 110, par. 12-901)
| |||||||||||||||||||
7 | Sec. 12-901. Amount. Every individual
is entitled to an | |||||||||||||||||||
8 | estate of
homestead to the
the extent in value of $15,000 of | |||||||||||||||||||
9 | his or her
interest in
a farm or lot of land and
buildings | |||||||||||||||||||
10 | thereon, a condominium, or personal property,
owned or rightly | |||||||||||||||||||
11 | possessed by lease or otherwise
and occupied by him or her as a | |||||||||||||||||||
12 | residence, or in a cooperative that owns
property that the | |||||||||||||||||||
13 | individual uses as a residence. That
homestead and all
right in | |||||||||||||||||||
14 | and title to that homestead is exempt from
attachment, | |||||||||||||||||||
15 | judgment, levy,
or judgment sale for the payment of his or her | |||||||||||||||||||
16 | debts or other purposes and
from the laws of conveyance, | |||||||||||||||||||
17 | descent, and legacy, except as provided in this
Code or in | |||||||||||||||||||
18 | Section 20-6 of
the Probate Act of
1975. This
Section is not
| |||||||||||||||||||
19 | applicable
between joint tenants or tenants in common but it is | |||||||||||||||||||
20 | applicable as to any
creditors of those persons.
If 2 or more | |||||||||||||||||||
21 | individuals own property that is exempt as a homestead, the
| |||||||||||||||||||
22 | value of the exemption of each individual may not exceed his or | |||||||||||||||||||
23 | her
proportionate share of $30,000 based upon percentage of
|
| |||||||
| |||||||
1 | ownership. | ||||||
2 | (Source: P.A. 94-293, eff. 1-1-06.)
|