SB2125 amends the Illinois Condominium Property Act to revise procedures for selling condominium property and managing board elections.
SB2125 amends the Illinois Condominium Property Act to revise procedures for selling condominium property and managing board elections. It requires a single meeting to vote on selling the property, with a 72-hour notice to unit owners. It mandates that board elections occur at least four times annually, with a 21-day notice for candidates and a 10-30 day notice for ballots. It prohibits proxy voting in board elections, allowing only in-person or mailed ballots. It also revises the quorum requirement for board meetings and the method for filling board vacancies.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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