Senate Sponsors: WALSH,T. House Sponsors: BUGIELSKI-BLACK Short description: BUS BROKRS-LIENS-REAL PROPERTY Synopsis of Bill as introduced: Amends the Illinois Business Brokers Act of 1995. In provisions requiring a plaintiff suing to enforce a business broker lien to name as defendants all persons whom the plaintiff has knowledge are interested parties, provides that the knowledge be actual or constructive knowledge. In provisions authorizing the imposition of liens on the proceeds of a sale of a business for amounts due a business broker, provides that no lien shall attach to any real property asset of a business until a notice of lien is filed with the recorder of the county in which the real property asset is located. Provides that a copy of that notice of lien shall be filed with the Secretary of State and requires the Secretary of State to collect a fee for the filing. Effective immediately. FISCAL NOTE (Secretary of State) This legislation will have no fiscal impact on this Department. Last action on Bill: PUBLIC ACT.............................. 91-0194 Last action date: 99-07-20 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status