Illinois HB1452 amends the Eminent Domain Act to allow interested parties to withdraw their share of just compensation within two years of property.

Illinois HB1452 amends the Eminent Domain Act to allow interested parties to withdraw their share of just compensation within two years of property seizure. The court must notify interested parties of their right to apply for withdrawal if no appeal has been taken or if the appeal has been determined in favor of the plaintiff. The court sets a hearing date and requires notice to all affected parties. After the hearing, the court may authorize the withdrawal. The party must refund any excess amount withdrawn over the final compensation.

Illinois HB1452 amends the Eminent Domain Act to allow interested parties to withdraw their share of just compensation within two years of property.

Illinois HB1452 amends the Eminent Domain Act to allow interested parties to withdraw their share of just compensation within two years of property seizure. The court must notify interested parties of their right to apply for withdrawal if no appeal has been taken or if the appeal has been determined in favor of the plaintiff. The court sets a hearing date and requires notice to all affected parties. After the hearing, the court may authorize the withdrawal. The party must refund any excess amount withdrawn over the final compensation.