Illinois SB 2221: TRANSPORTATION-TECH

Status: Session Sine Die (as of 2011-01-12)

State: Illinois · Session: 96th · Bill: SB 2221

Sponsors: Christine Radogno

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 Illinois General Assembly - Full Text of SB2221 

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
SB2221

Introduced 2/7/2025, by Sen. Robert F. Martwick 

SYNOPSIS AS INTRODUCED:

755 ILCS 5/20-6 from Ch. 110 1/2, par. 20-6

 Amends the Probate Act of 1975. Provides that in any proceeding to sell or mortgage real estate, if the secured creditors cannot be satisfied in full, then the court may not direct the sale without the secured creditor's approval to accept partial satisfaction; and if the secured creditors cannot be satisfied in full, a sale of the property is not considered necessary for the effective administration of the estate. Effective immediately.

LRB104 11096 JRC 21178 b

A BILL FOR

SB2221LRB104 11096 JRC 21178 b

1 AN ACT concerning civil law.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Probate Act of 1975 is amended by changing 

5Section 20-6 as follows:

6 (755 ILCS 5/20-6) (from Ch. 110 1/2, par. 20-6)

7 Sec. 20-6. Power of court.) In any proceeding to sell or 

8mortgage real estate the court may:

9 (a) investigate and determine all questions of conflicting 

10and controverted titles arising between any of the parties, 

11remove clouds from any title or interest involved therein, and 

12invest the mortgagee or purchaser with a good and indefeasible 

13title to the property sold or mortgaged;

14 (b) direct the sale or mortgage of the property free of all 

15mortgage, judgment or other liens that are due, provide for 

16the satisfaction of all those liens out of the proceeds of the 

17sale or mortgage and settle and adjust all equities and all 

18questions of priority among all interested persons; however, 

19if secured cred

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