Illinois §1-47
Successor developers
- Statute:
- Illinois §1-47 · Act CICAA (Common Interest Community Association Act (765 ILCS 160))
- Topic:
- Developer · Assignment
- Applies to:
- HOA associations
An assignment of a developer's interest is not effective until it is in writing and recorded.
successor developer; assignment; recorded
📄 Read the official text at ilga.gov →
How SoShiny helps with Successor developers
SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees.
See the feature → Start freeFrequently asked
- What does Illinois §1-47 require?
- An assignment of a developer's interest is not effective until it is in writing and recorded.
- Who does Illinois §1-47 apply to?
- Illinois §1-47 applies to HOA associations in Illinois.
- What happens if our HOA doesn't comply with §1-47?
- Non-compliance can expose the association and individual directors to disputes in the governing forum for Illinois community associations. SoShiny's audit trail and documented workflows are designed to demonstrate good-faith compliance.
- Where can I read the official text of Illinois §1-47?
- The official text is published by the Illinois General Assembly at ilga.gov. The summary on this page is for plain-English reference only and is not legal advice.
- How does SoShiny help with Successor developers?
- SoShiny is built around the Florida statutes from day one. The features that help you comply with this section are part of every plan — no add-ons, no per-document fees. Learn more →
Not legal advice. This page is a plain-English summary of Illinois §1-47 prepared by SoShiny for board members and managers. For binding legal advice or interpretation, consult a Illinois-licensed attorney. For the official statutory text, see the link above.
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