State of Illinois
90th General Assembly
Legislation

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90_HB1826

      35 ILCS 200/21-345
          Amends the Property Tax Code.   Provides  that  a  person
      redeeming  property  at  a time subsequent to the filing of a
      petition  for  tax   and   special   assessment   foreclosure
      proceedings  or  a  petition  for deed who does not desire to
      contest the validity of the petition may redeem the  property
      at  any  time before the expiration of the period or extended
      period  of  redemption  without  filing  a  redemption  under
      protest.  Requires the county clerk to enter  the  redemption
      on  the  record  and  distribute  the redemption money to the
      holder of the certificate of purchase upon surrender  of  the
      certificate.  Effective immediately.
                                                     LRB9004037DNmb
                                               LRB9004037DNmb
 1        AN ACT to amend the Property Tax Code by changing Section
 2    21-345.
 3        Be  it  enacted  by  the People of the State of Illinois,
 4    represented in the General Assembly:
 5        Section 5.  The Property Tax Code is amended by  changing
 6    Section 21-345 as follows:
 7        (35 ILCS 200/21-345)
 8        Sec. 21-345.  Right of redemption.
 9        (a)  Property  sold  under this Code may be redeemed only
10    by those persons having a right of redemption as  defined  in
11    this Section and only in accordance with this Code.
12        A  right to redeem property from any sale under this Code
13    shall exist  in  any  owner  or  person  interested  in  that
14    property,   other  than  an  undisclosed  beneficiary  of  an
15    Illinois land trust, whether  or  not  the  interest  in  the
16    property  sold is recorded or filed.  Any redemption shall be
17    presumed to have been made by or on behalf of the owners  and
18    persons  interested  in  the  property and shall inure to the
19    benefit of the persons having the legal or equitable title to
20    the property redeemed, subject to the  right  of  the  person
21    making  the  redemption  to  be  reimbursed  by  the  persons
22    benefited.   No redemption shall be held invalid by reason of
23    the failure of the person redeeming to have recorded or filed
24    the document evidencing an interest in the property prior  to
25    redemption,  other  than  an  undisclosed  beneficiary  of an
26    Illinois land trust.
27        (b)  Any person redeeming under this Section  at  a  time
28    subsequent to the filing of a petition under Section 22-30 or
29    21-445,  who  does  not desire to contest the validity of the
30    petition for tax deed, may redeem the property  at  any  time
31    before the expiration of the period of redemption or extended
                            -2-                LRB9004037DNmb
 1    period  of  redemption  without  filing  a  redemption  under
 2    protest.   The  county  clerk  shall  enter the redemption as
 3    provided  in  Section  21-230  and   shall   distribute   the
 4    redemption  money  deposited  with the clerk to the holder of
 5    the  certificate  of   purchase   upon   surrender   of   the
 6    certificate.
 7    (Source: P.A.   86-286;   86-413;  86-418;  86-949;  86-1028;
 8    86-1158; 86-1481; 87-145; 87-236;  87-435;  87-895;  87-1189;
 9    88-455.)
10        Section  99.  Effective date.  This Act takes effect upon
11    becoming law.

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