[ Search ] [ PDF text ] [ Legislation ]
[ Home ] [ Back ] [ Bottom ]
| [ Introduced ] | [ Engrossed ] | [ House Amendment 001 ] |
| [ House Amendment 002 ] | [ House Amendment 003 ] | [ House Amendment 004 ] |
| [ House Amendment 005 ] | [ House Amendment 006 ] | [ House Amendment 007 ] |
92_SB1234sam001
SRS92SB1234JJapam01
1 AMENDMENT TO SENATE BILL 1234
2 AMENDMENT NO. . Amend Senate Bill 1234 by replacing
3 the title with the following:
4 "AN ACT in relation to civil procedure."; and
5 by replacing everything after the enacting clause with the
6 following:
7 "Section 5. The Code of Civil Procedure is amended by
8 changing Section 12-901 as follows:
9 (735 ILCS 5/12-901) (from Ch. 110, par. 12-901)
10 Sec. 12-901. Amount. Every individual is entitled to an
11 estate of homestead to the extent in value of $30,000 $7,500
12 of his or her interest in a farm or lot of land and buildings
13 thereon, a condominium, or personal property, owned or
14 rightly possessed by lease or otherwise and occupied by him
15 or her as a residence, or in a cooperative that owns property
16 that the individual uses as a residence. That homestead and
17 all right in and title to that homestead is exempt from
18 attachment, judgment, levy, or judgment sale for the payment
19 of his or her debts or other purposes and from the laws of
20 conveyance, descent, and legacy, except as provided in this
21 Code or in Section 20-6 of the Probate Act of 1975. This
-2- SRS92SB1234JJapam01
1 Section is not applicable between joint tenants or tenants in
2 common but it is applicable as to any creditors of those
3 persons.
4 If 2 or more individuals own property that is exempt as a
5 homestead, the value of the exemption of each individual may
6 not exceed his or her proportionate share of $15,000 based
7 upon percentage of ownership.
8 (Source: P.A. 88-672, eff. 12-14-94.)".