Illinois Compiled Statutes
765 ILCS 115/2 (2026)
Procedure to effect acts of ownership over real estate
✓ current as of May 2026
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(765 ILCS 115/2)
(from Ch. 30, par. 184)
Sec. 2.
Procedure to
effect acts of ownership over real estate.
The presiding officer of such lodge or subordinate body, together with
the secretary or officer keeping the records thereof, may execute mortgages
and execute or receive conveyances or leases of any real estate by or to
such lodge or subordinate body when authorized by a vote of the members
present at a regular meeting held by said lodge or subordinate body, after
at least ten days' notice has been given to all members of said lodge or
subordinate body by mailing a written notice of said proposed action to the
last known address of all such members.
All conveyances, leases or mortgages executed hereunder shall be in the
name of the lodge, attested by the presiding officer and secretary or other
officer in charge of the records, and shall have affixed the seal, if any,
of such lodge or subordinate body.
(Source: Laws 1949, p. 597.)
Notes of Decisions
Cited in 4
cases, 2017–2019 · leading case: 1550 MP Road LLC v. Teamsters Local Union No. 700, 2019 IL 123046 (Ill. 2019).
1550 MP Road LLC v. Teamsters Local Union No. 700, 2019 IL 123046 (Ill. 2019). “OPINION ¶1 The Property of Unincorporated Associations Act (Act) (765 ILCS 115/2 (West 2010)) requires a labor union to notify its members and obtain their approval prior to entering into an agreement to lease or purchase real estate.”
1550 MP Road LLC v. Teamsters Local Union No. 700, 2019 IL 123046 (Ill. 2019). “OPINION ¶1 The Property of Unincorporated Associations Act (Act) (765 ILCS 115/2 (West 2010)) requires a labor union to notify its members and obtain their approval prior to entering into an agreement to lease or purchase real estate.”
1550 MP Road LLC v. Teamsters Local Union No. 700, 2017 IL App (1st) 153300 (Ill. App. Ct. 2017). “" 765 ILCS 115/2 (West 2010). Local 726's bylaws contained similar requirements: the signatures of both the Secretary-Treasurer and the President were required on all contracts, and notice and membership authorization was necessary in connection with the lease or purchase of…”
1550 MP Road LLC v. Teamsters Local Union No. 700, 2017 IL App (1st) 153300 (Ill. App. Ct. 2017). “” 765 ILCS 115/2 (West 2010). Local 726’s bylaws contained similar requirements: the signatures of both the Secretary- Treasurer and the President were required on all contracts, and notice and membership authorization was necessary in connection with the lease or purchase of…”
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