Bill Status of SB 2125   104th General Assembly

Short Description:  CONDO-DECONVERSION NOTICE

Senate Sponsors
Sen. Mike Simmons

Last Action  View All Actions

DateChamber Action
  4/11/2025SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
765 ILCS 605/15from Ch. 30, par. 315
765 ILCS 605/18from Ch. 30, par. 318

Synopsis As Introduced
Amends the Condominium Property Act. Provides that a vote to sell the property shall take place at one meeting called for such purpose and may be extended by no more than 24 hours. Provides that notice of the meeting shall be provided 72 hours in advance to all unit owners. Provides that upon an affirmative vote to sell the property, the board shall notify all State and local legislators representing the legislative district in which the property lies of the intent to sign a contract for sale of the property at least 90 days before signing the contract for sale. Provides that the bylaws that include matters subject to the affirmative vote of not less than 2/3 of the votes of unit owners at a meeting called for that purpose must include the investigation and initiation of a bulk sale of the property.

Actions 
DateChamber Action
  2/7/2025SenateFiled with Secretary by Sen. Mike Simmons
  2/7/2025SenateFirst Reading
  2/7/2025SenateReferred to Assignments
  2/25/2025SenateAssigned to Judiciary
  3/5/2025SenateTo Special Issues
  3/21/2025SenateRule 2-10 Committee Deadline Established As April 4, 2025
  4/4/2025SenateRule 2-10 Committee Deadline Established As April 11, 2025
  4/11/2025SenateRule 3-9(a) / Re-referred to Assignments

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