The Declaration of Covenants, Conditions and Restrictions, or “CC&Rs”, is the primary and most important governing document for a inium or planned development, and is required for all iniums and planned developments.
The inium corporation, its function, and composition A inium corporation is the body formed to manage the common areas and assets of the inium.
An association's “governing documents” are defined as “the declaration and any other documents, such as bylaws, operating rules, articles of incorporation, or articles of association, which govern the operation of the common interest development or association.” (Civ.
Inium associations in Chicago are primarily regulated by state law, specifically the Illinois inium Property Act (ICPA). This act governs the creation, management and dissolution of iniums in Chicago and throughout Illinois.