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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB5188 Introduced , by Rep. Michael J. Zalewski SYNOPSIS AS INTRODUCED:
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765 ILCS 5/30 | from Ch. 30, par. 29 |
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Amends the Conveyances Act. Provides that the Section concerning the interests of subsequent purchasers without notice is a pure-notice recording statute.
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| | A BILL FOR |
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| | HB5188 | | LRB100 18453 HEP 33668 b |
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| 1 | | AN ACT concerning civil law.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Conveyances Act is amended by changing |
| 5 | | Section 30 as follows:
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| 6 | | (765 ILCS 5/30) (from Ch. 30, par. 29)
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| 7 | | Sec. 30.
All deeds, mortgages and other instruments of |
| 8 | | writing which are
authorized to be recorded, shall take effect |
| 9 | | and be in force from and after
the time of filing the same for |
| 10 | | record, and not before, as to all creditors
and subsequent |
| 11 | | purchasers, without notice; and all such deeds and title
papers |
| 12 | | shall be adjudged void as to all such creditors and subsequent
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| 13 | | purchasers, without notice, until the same shall be filed for |
| 14 | | record. This Section is a pure-notice recording statute.
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| 15 | | (Source: Laws 1871-2, p. 282.)
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