IllinoisSB2125104th General Assembly (2025–2026)Senate

CONDO-DECONVERSION NOTICE

Sponsored By: Mike Simmons (Democratic)

In Committee

Summary

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Mike Simmons

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Rule 3-9(a) / Re-referred to Assignments

    4/11/2025Senate
  2. Rule 2-10 Committee Deadline Established As April 11, 2025

    4/4/2025Senate
  3. Rule 2-10 Committee Deadline Established As April 4, 2025

    3/21/2025Senate
  4. To Special Issues

    3/5/2025Senate
  5. Assigned to Judiciary

    2/25/2025Senate
  6. Referred to Assignments

    2/7/2025Senate
  7. First Reading

    2/7/2025Senate
  8. Filed with Secretary by Sen. Mike Simmons

    2/7/2025Senate

Bill Text

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