Illinois Statutes
§ 1-65 — Management company
Illinois § 1-65
JurisdictionIllinois
TopicRIGHTS AND REMEDIES
Ch. 765PROPERTY
Act 765 ILCS 160/Common Interest Community Association Act.
Art.Article 1 - Common Interest Community Association Act
This text of Illinois § 1-65 (Management company) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
765 Ill. Comp. Stat. 1-65 (2026).
Text
A management company holding reserve funds of an association shall at all times maintain a separate account for each association, unless by contract the board of managers of the association authorizes a management company to maintain association reserves in a single account with other associations for investment purposes. With the consent of the board of managers of the association, the management company may hold all operating funds of associations which it manages in a single operating account, but shall at all times maintain records identifying all moneys of each association in such operating account. Such operating and reserve funds held by the management company for the association shall not be subject to attachment by any creditor of the management company. A management company that
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Legislative History
(Source: P.A. 96-1400, eff. 7-29-10.)
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
Fidelity insuranceCite This Page — Counsel Stack
Bluebook (online)
Illinois § 1-65, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/765/1-65.