97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0961

 

Introduced 01/31/11, by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
735 ILCS 5/12-901  from Ch. 110, par. 12-901

    Amends the Code of Civil Procedure. Makes a technical change in provisions concerning exemption of homesteads from enforcement of judgments.


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A BILL FOR

 

HB0961LRB097 03784 AJO 43821 b

1    AN ACT concerning civil law.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Code of Civil Procedure is amended by
5changing Section 12-901 as follows:
 
6    (735 ILCS 5/12-901)   (from Ch. 110, par. 12-901)
7    Sec. 12-901. Amount. Every individual is entitled to an
8estate of homestead to the the extent in value of $15,000 of
9his or her interest in a farm or lot of land and buildings
10thereon, a condominium, or personal property, owned or rightly
11possessed by lease or otherwise and occupied by him or her as a
12residence, or in a cooperative that owns property that the
13individual uses as a residence. That homestead and all right in
14and title to that homestead is exempt from attachment,
15judgment, levy, or judgment sale for the payment of his or her
16debts or other purposes and from the laws of conveyance,
17descent, and legacy, except as provided in this Code or in
18Section 20-6 of the Probate Act of 1975. This Section is not
19applicable between joint tenants or tenants in common but it is
20applicable as to any creditors of those persons. If 2 or more
21individuals own property that is exempt as a homestead, the
22value of the exemption of each individual may not exceed his or
23her proportionate share of $30,000 based upon percentage of

 

 

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1ownership.
2(Source: P.A. 94-293, eff. 1-1-06.)