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SB2221 - 104th General Assembly
PROBATE SALE-MORTGAGE PROPERTY
Last Action
Statutes Amended In Order of Appearance
755 ILCS 5/20-6from Ch. 110 1/2, par. 20-6
Synopsis As Introduced
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.
Actions
| Date | Chamber | Action |
|---|---|---|
| 2/07/2025 | Senate | Filed with Secretary by Sen. Robert F. Martwick |
| 2/07/2025 | Senate | First Reading |
| 2/07/2025 | Senate | Referred to Assignments |
| 2/25/2025 | Senate | Assigned to Judiciary |
| 3/05/2025 | Senate | To Special Issues |
| 3/14/2025 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Robert F. Martwick |
| 3/14/2025 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 3/18/2025 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Judiciary |
| 3/21/2025 | Senate | Rule 3-9(a) / Re-referred to Assignments |
| 3/21/2025 | Senate | Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments |