093_HB1575

                                     LRB093 10703 WGH 11080 b

 1        AN ACT concerning civil procedure.

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

 4        Section 5.  The Code of Civil  Procedure  is  amended  by
 5    changing Section 12-901 as follows:

 6        (735 ILCS 5/12-901) (from Ch. 110, par. 12-901)
 7        Sec. 12-901.  Amount.  Every individual is entitled to an
 8    estate  of  homestead to the extent in value of $7,500 of his
 9    or her interest in a farm or lot of land and buildings on the
10    farm or lot of  land  thereon,  a  condominium,  or  personal
11    property,  owned  or  rightly possessed by lease or otherwise
12    and  occupied  by  him  or  her  as  a  residence,  or  in  a
13    cooperative that owns property that the individual uses as  a
14    residence.  That homestead and all right in and title to that
15    homestead  is  exempt  from  attachment,  judgment,  levy, or
16    judgment sale for the payment of his or her  debts  or  other
17    purposes  and  from  the  laws  of  conveyance,  descent, and
18    legacy, except as provided in this Code or in Section 20-6 of
19    the Probate Act of  1975.  This  Section  is  not  applicable
20    between  joint  tenants  or  tenants  in  common  but  it  is
21    applicable as to any creditors of those persons.
22        If 2 or more individuals own property that is exempt as a
23    homestead,  the value of the exemption of each individual may
24    not exceed his or her proportionate share  of  $15,000  based
25    upon percentage of ownership.
26    (Source: P.A. 88-672, eff. 12-14-94.)