IllinoisSB2221104th General Assembly (2025–2026)Senate

PROBATE SALE-MORTGAGE PROPERTY

Sponsored By: Robert F. Martwick (Democratic)

In Committee

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Robert F. Martwick

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Bill Text

  • Introduced

  • Senate Amendment 1

Related Bills

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