Illinois Statutes
§ 1-47 — Successor developers
Illinois·Topic RIGHTS AND REMEDIES·Ch. 765 PROPERTY·Act 765 ILCS 160/ Common Interest Community Association Act.·Art. Article 1 - Common Interest Community Association Act
Any assignment of a developer's interest in the property is not effective until the successor:
(i)obtains the assignment in writing; and (ii) records the assignment.
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Legislative History
(Source: P.A. 99-569, eff. 1-1-17 .)
Nearby Sections
15
§ 1
§ 1§ 1-1
Short title§ 1-10
Applicability§ 1-15
§ 1-15§ 1-20
§ 1-20§ 1-25
§ 1-25§ 1-40
Meetings§ 1-45
Finances§ 1-47
Successor developers§ 1-5
Definitions§ 1-50
§ 1-50§ 1-55
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