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under the statute
there’s a requirement that at least 75
percent of the unit owners vote in favor
of a section 15D conversion so if you
had a 100 unit condominium building
you would need 75 of the 100 Union
owners to vote in favor of a section 15D
conversion
Chicago, IL business attorney Glenn L. Udell discusses the required majority for a Section 15 Deconversion.