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Public Act 92-0495
SB74 Enrolled LRB9205379DHmb
AN ACT in relation to vehicles.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Vehicle Code is amended by adding
Section 3-114.1 as follows:
(625 ILCS 5/3-114.1 new)
Sec. 3-114.1. Transfers to and from charitable
organizations. When a charitable not-for-profit organization
that is exempt from federal income taxation under Section
501(c)(3) of the Internal Revenue Code becomes the recipient
of a motor vehicle by means of a donation from an individual,
the organization need not send the certificate of title to
the Secretary of State. Upon transferring the motor vehicle,
the organization shall promptly and within 20 days execute
the reassignment to reflect the transfer from the
organization to the purchaser. The organization is
specifically authorized to complete and execute the space
reserved in the certificate of title for a dealer
reassignment, not withstanding that the organization is not a
licensed dealer. Nothing in this Section shall be construed
to require the organization to become a licensed vehicle
dealer.
Passed in the General Assembly April 19, 2001.
Governor Vetoed July 12, 2001.
General Assembly Overrides Total Veto November 27, 2001.
Effective January 01, 2002.
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