Bill Text: IL SB3537 | 2013-2014 | 98th General Assembly | Introduced
Bill Title: Amends the Common Interest Community Association Act. Provides that a common interest community association meeting specified criteria is exempt from the Act if the association affirmatively elects to be exempt from the Act by a majority vote of all of its members (instead of "unless the association affirmatively elects to be covered by this Act by a majority of its directors or members").
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Failed) 2015-01-13 - Session Sine Die [SB3537 Detail]
Download: Illinois-2013-SB3537-Introduced.html
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1 | AN ACT concerning civil law.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Common Interest Community Association Act is | |||||||||||||||||||
5 | amended by changing Section 1-75 as follows:
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6 | (765 ILCS 160/1-75)
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7 | Sec. 1-75. Exemptions for small common interest | |||||||||||||||||||
8 | communities. | |||||||||||||||||||
9 | (a) A common interest community association organized | |||||||||||||||||||
10 | under the General Not for Profit Corporation Act of 1986 and | |||||||||||||||||||
11 | having either (i) 10 units or less or (ii) annual budgeted | |||||||||||||||||||
12 | assessments of $100,000 or less shall be exempt from this Act | |||||||||||||||||||
13 | if unless the association affirmatively elects to be exempt | |||||||||||||||||||
14 | from covered by this Act by a majority vote of all of its | |||||||||||||||||||
15 | directors or members. | |||||||||||||||||||
16 | (b) Common interest community associations which in their | |||||||||||||||||||
17 | declaration, bylaws, or other governing documents provide that | |||||||||||||||||||
18 | the association may not use the courts or an arbitration | |||||||||||||||||||
19 | process to collect or enforce assessments, fines, or similar | |||||||||||||||||||
20 | levies and common interest community associations (i) of 10 | |||||||||||||||||||
21 | units or less or (ii) having annual budgeted assessments of | |||||||||||||||||||
22 | $50,000 or less shall be exempt from subsection (a) of Section | |||||||||||||||||||
23 | 1-30, subsections (a) and (b) of Section 1-40, and Section 1-55 |
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1 | but shall be required to provide notice of meetings to members | ||||||
2 | in a manner and at a time that will allow members to | ||||||
3 | participate in those meetings.
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4 | (Source: P.A. 96-1400, eff. 7-29-10; 97-605, eff. 8-26-11; | ||||||
5 | 97-1090, eff. 8-24-12.)
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