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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006 SB2772
Introduced 1/20/2006, by Sen. William E. Peterson SYNOPSIS AS INTRODUCED: |
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805 ILCS 105/108.21 |
from Ch. 32, par. 108.21 |
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Amends the General Not For Profit Corporation Act of 1986. Provides for open meetings for the listed type of meetings of the board of directors of a residential not-for-profit homeowners association. Effective immediately.
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A BILL FOR
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SB2772 |
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LRB094 18971 LCT 54438 b |
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| AN ACT concerning business.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The General Not For Profit Corporation Act of |
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| 1986 is amended by changing Section 108.21 as follows:
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| (805 ILCS 105/108.21) (from Ch. 32, par. 108.21)
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| Sec. 108.21. Meetings of the board of directors of a |
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| residential
not-for-profit homeowners association or |
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| cooperative not-for-profit corporation containing 24 or more |
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| units
shall be open to any member, except for the portion of |
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| any meeting held (i) to
discuss litigation when an action |
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| against or on behalf of the
corporation has been filed and is |
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| pending in a court or administrative
tribunal, or when the |
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| board of directors finds that such an action is
probable or |
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| imminent, (ii) to consider information regarding appointment,
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| employment or dismissal of an employee, or (iii) to discuss |
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| violations of
rules and regulations of the corporation by a |
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| residential shareholder.
Any member
may record by tape, film or |
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| other means the proceedings at such meetings or
portions |
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| thereof required to be
open by this Section. The board may |
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| prescribe
reasonable rules and regulations to govern the right |
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| to make such
recordings. Notice of such meetings shall be |
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| mailed or delivered at
least 48 hours prior thereto, unless a |
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| written waiver of such notice is
signed by the person or |
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| persons entitled to such notice pursuant to the
articles of |
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| incorporation, bylaws, other instrument
before the meeting is |
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| convened. Copies
of notices of meetings of the board of |
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| directors shall be posted in
entranceways, elevators, or other |
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| conspicuous places in the residential
cooperative at least 48 |
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| hours prior to the meeting of the board of
directors. If there |
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| is no common entranceway for 7 or more
apartments, the board of |
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| directors may designate one or more locations in
the proximity |