(765 ILCS 745/6.29) (This Section may contain text from a Public Act with a delayed effective date ) Sec. 6.29. Articles of incorporation. The articles of incorporation of a homeowners' association shall provide: (1) That the association has the power to negotiate | ||
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(2) For the conversion of the mobile home park once | ||
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Upon acquisition of the property, the association, by action of its board of directors, shall be the entity that: (A) creates a condominium, cooperative, or subdivision; (B) is responsible for offers of sale or lease; or (C) if the home owners choose a different form of ownership, the entity that owns the record interest in the property is responsible for the operation of property. (Source: P.A. 103-766, eff. 1-1-25.) |