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90_SB0385enr 765 ILCS 205/5 from Ch. 109, par. 5 Amends the Plat Act. Removes offers of sale from provisions concerning the penalty for selling a lot before compliance with the requirements of the Act. Provides that these provisions do not prohibit an offer of sale or acceptance of deposit by a seller prior to compliance, provided that compliance must occur before conveyance of any deed. Effective immediately. LRB9003082NTsb SB385 Enrolled LRB9003082NTsb 1 AN ACT to amend the Plat Act by changing Section 5. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Plat Act is amended by changing Section 5 5 as follows: 6 (765 ILCS 205/5) (from Ch. 109, par. 5) 7 Sec. 5. Whoever sells
or offers for saleor leases for 8 any time exceeding five years, any lot or block in or outside 9 of any town, city or village before all the requirements of 10 this Act have been complied with, shall be guilty of a petty 11 offense and fined $25 for each lot or block or part thereof 12 so disposed of , offered for saleor leased. Nothing in this 13 Section shall prohibit an offer of sale or acceptance of 14 deposit by a seller before compliance with the requirements 15 of this Act, provided that compliance occurs before 16 conveyance of any deed to the property. 17 (Source: P.A. 77-2561.) 18 Section 99. Effective date. This Act takes effect upon 19 becoming law.
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