Any assignment of a developer's interest in the property is not effective until the successor: (i) obtains the assignment in writing; and (ii) records the assignment.
765 ILCS 160/1-47
Successor developers
Known as the Common Interest Community Association Act
The act spans §§ 765-160-1-1 to 765-160-1-90 (21 sections).
P.A. 99-569, eff. 1-1-17.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.