Loading
Loading
Your feedback directly shapes Sporos.
Sign in to track your feedback history
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.
Introduced
Feb 7, 2025
Last Action
Mar 21, 2025
Session
IL 104th
Sponsors
1 primary · 0 co
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Rule 3-9(a) / Re-referred to Assignments
Senate Committee Amendment No. 1 Assignments Refers to Judiciary
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick
Senate Committee Amendment No. 1 Referred to Assignments
To Special Issues
Assigned to Judiciary
Filed with Secretary by Sen. Robert F. Martwick
First Reading
Referred to Assignments
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
Robert F. Martwick