(765 ILCS 335/0.01) (from Ch. 30, par. 38.9)
Sec. 0.01.
Short title.
This Act may be cited as the
Surrender or Merger of Reversion Act.
(Source: P.A. 86-1324.)
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(765 ILCS 335/1) (from Ch. 30, par. 39)
Sec. 1.
When the reversion
expectant on a lease, made either before or after the passing of this
act, of tenements or hereditaments of any tenure, shall be surrendered
or merged, the estate, which shall for the time being confer as against
the tenant under the same lease the next vested right to the same
tenements or hereditaments, shall, to the extent and for the purpose of
preserving such incidents to, and obligations on the same reversion, as
but for the surrender or merger thereof, would have subsisted, be deemed
the reversion expectant on the same lease.
(Source: P.A. 84-1308.)
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