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91_HB0813eng 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.)