Question:
Is there an Illinois law or statute that applies to an HOA of 78 residential houses with an annual collected budget of $11700.
– Steven
Answer:
Hi Steven,
If the community is a non-profit, kindly refer to the Illinois General Not For Profit Corporation Act of 1986. For further guidance, kindly consult a lawyer.
Disclaimer: We are not lawyers. The information provided on this website does not constitute legal advice.