093_HB1342eng

 
HB1342 Engrossed                     LRB093 07293 DRJ 07452 b

 1        AN ACT in relation to property.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The Conveyances Act is  amended  by  changing
 5    Section 1 as follows:

 6        (765 ILCS 5/1) (from Ch. 30, par. 1)
 7        Sec.  1.  Livery  of  seizin  not  necessary.   Livery of
 8    seizin shall in no case be necessary for  the  conveyance  of
 9    real  property;  but every deed, mortgage or other conveyance
10    in writing, not procured by duress, and signed by  the  party
11    making  the  same,  the maker or makers being of full age and
12    sound mind, shall be sufficient, without  livery  of  seizin,
13    for  the  giving,  granting,  selling, mortgaging, leasing or
14    otherwise conveying or transferring any lands,  tenements  or
15    hereditaments  in  this  state,  so  as,  to  all intents and
16    purposes, absolutely  and  fully  to  vest  in  every  donee,
17    grantee,  bargainee, mortgagee, lessee or purchaser, all such
18    estate or estates as shall be specified  in  any  such  deed,
19    mortgage, lease or other conveyance. Nothing herein contained
20    shall  be  so  construed  as to divest or defeat the older or
21    better estate or right of any person or persons, not party to
22    any such deed, mortgage, lease, or other conveyance.
23    (Source: P.A. 80-660.)