State of Illinois
91st General Assembly

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HB0813 Engrossed                               LRB9104069PTpk

 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 who desires to redeem and does not desire
28    to contest the validity of a petition for tax deed may redeem
29    pursuant to this Section and related Sections  of  this  Code
30    without  submitting  a  written protest under Section 21-380.
31    This subsection (b) shall  be  construed  as  declarative  of
HB0813 Engrossed            -2-                LRB9104069PTpk
 1    existing law and not as a new enactment.
 2    (Source: P.A.   86-286;   86-413;  86-418;  86-949;  86-1028;
 3    86-1158; 86-1481; 87-145; 87-236;  87-435;  87-895;  87-1189;
 4    88-455.)

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