Illinois § 12-909
Full text of Illinois Illinois Compiled Statutes § 12-909, with citation guidance and answers to common questions.
§ 12-909.
Bid for less than exempted amount. No sale shall be made of the premises on such judgment unless a greater sum than $15,000 is bid therefor. If a greater sum is not so bid, the judgment may be set aside or modified, or the enforcement of the judgment released, as for lack of property. (Source: P.A. 94-293, eff. 1-1-06.) (Text of Section after amendment by P.A. 104-120) Sec. 12-909. Bid for less than exempted amount. No sale shall be made of the premises on such judgment unless a greater sum than $50,000 for premises owned by an individual owner or $100,000 for premises owned by 2 or more individual owners is bid therefor. If a greater sum is not so bid, the judgment may be set aside or modified, or the enforcement of the judgment released, as for lack of property. (Source: P.A. 104-120, eff. 1-1-26.)
Frequently Asked Questions About Illinois § 12-909
What does Illinois Compiled Statutes § 12-909 cover?
Section 12-909 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 12-909?
A common citation format is "Illinois Compiled Statutes § 12-909" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 12-909 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.