Illinois House Bill 1471 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on July 12 2019 - 100% progression
Action: 2019-07-12 - Public Act . . . . . . . . . 101-0048
Text: Latest bill text (Chaptered) [HTML]

Creates the Illinois Trust Code. Provides that the Code applies to express trusts, charitable or noncharitable, and trusts created pursuant to a statute, judgment, or decree that requires the trust to be administered in the manner of an express trust. Defines terms. Adds provisions governing: judicial proceedings; representation; creation, validity, modification, and termination of trusts; creditor's claims; spendthrift and discretionary trusts; revocable trusts; the office of trustee; duties and powers of the trustee; the Illinois Prudent Investor Law; life insurance; affiliated investments; liability of trustees and rights of persons dealing with a trustee; total return trusts; trust decanting; the Uniform Powers of Appointment Law; perpetuities; and application of the Code to existing trusts. Repeals the Trusts and Trustees Act, the Trusts and Dissolutions of Marriage Act, the Uniform Powers of Appointment Act (added by Public Act 100-1044), the Statute Concerning Perpetuities, the Perpetuities Vesting Act, and the Trust Accumulation Act. Makes corresponding changes in the Public Use Trust Act, the Township Code, the Corporate Fiduciary Act, the Community-Integrated Living Arrangements Licensure and Certification Act, the Title Insurance Act, the Illinois Funeral or Burial Funds Act, the Mental Health and Developmental Disabilities Code, the Illinois Marriage and Dissolution of Marriage Act, the Probate Act of 1975, the Illinois Power of Attorney Act, the Common Trust Fund Act, the Religious Corporation Act, and the Illinois Pre-Need Cemetery Sales Act. Effective January 1, 2020.

ILLINOIS TRUST CODE

Rep. Ann Williams [D]

Rep. Margo McDermed [R]

Rep. Deanne Mazzochi [R]

Sen. John Mulroe [D]

2019-05-16 - Senate - Third Reading in Senate (Y: 57 N: 0 NV: 2 Abs: 0) [PASS]
2019-03-20 - House - Third Reading in House (Y: 114 N: 0 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2019-07-12	House	Public Act . . . . . . . . . 101-0048
2019-07-12	House	Effective Date January 1, 2020
2019-07-12	House	Governor Approved
2019-06-14	House	Sent to the Governor
2019-05-16	House	Passed Both Houses
2019-05-16	Senate	Third Reading - Passed; 057-000-000
2019-05-09	Senate	Placed on Calendar Order of 3rd Reading May 14, 2019
2019-05-09	Senate	Second Reading
2019-05-02	Senate	Placed on Calendar Order of 2nd Reading May 7, 2019
2019-05-02	Senate	Do Pass Judiciary; 009-000-000
2019-04-24	Senate	Assigned to Judiciary
2019-03-20	Senate	Referred to Assignments
2019-03-20	Senate	First Reading
2019-03-20	Senate	Chief Senate Sponsor Sen. John G. Mulroe
2019-03-20	Senate	Placed on Calendar Order of First Reading
2019-03-20	Senate	Arrive in Senate
2019-03-20	House	Third Reading - Short Debate - Passed 114-000-000
2019-03-06	House	Placed on Calendar Order of 3rd Reading - Short Debate
2019-03-06	House	Second Reading - Short Debate
2019-02-28	House	Placed on Calendar 2nd Reading - Short Debate
2019-02-27	House	Added Co-Sponsor Rep. Deanne M. Mazzochi
2019-02-27	House	Do Pass / Short Debate Judiciary - Civil Committee; 012-000-000
2019-02-27	House	Reported Back To Judiciary - Civil Committee;
2019-02-27	House	Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 007-000-000
2019-02-20	House	To Commercial Law Subcommittee
2019-02-15	House	To Constitutional Law Subcommittee
2019-02-15	House	To Commercial Law Subcommittee
2019-02-13	House	Assigned to Judiciary - Civil Committee
2019-02-06	House	Added Chief Co-Sponsor Rep. Margo McDermed
2019-01-29	House	Referred to Rules Committee
2019-01-29	House	First Reading
2019-01-29	House	Filed with the Clerk by Rep. Ann M. Williams

Chapter	Article	Section	Citation Type	Statute Text
205	620	1-6	Amended Code	Citation Text
205	620	6-10	Amended Code	Citation Text
205	620	9-5	Amended Code	Citation Text
210	135	3	Amended Code	Citation Text
215	155	21.1	Amended Code	Citation Text
225	45	4a	Amended Code	Citation Text
225	45	5	Amended Code	Citation Text
30	160	2	Amended Code	Citation Text
405	5	3-605	Amended Code	Citation Text
405	5	3-819	Amended Code	Citation Text
405	5	5-105	Amended Code	Citation Text
60	1	135-20	Amended Code	Citation Text
750	5	513.5	Amended Code	Citation Text
755	45	3-4	Amended Code	Citation Text
755	5	2-7	Amended Code	Citation Text
755	5	28-8	Amended Code	Citation Text
760	105	Act	Repealed Code	Citation Text
760	35	Act	Repealed Code	Citation Text
760	45	3	Amended Code	Citation Text
760	5	Act	Repealed Code	Citation Text
765	305	Act	Repealed Code	Citation Text
765	310	Act	Repealed Code	Citation Text
765	315	Act	Repealed Code	Citation Text
805	110	46j	Amended Code	Citation Text
815	390	16	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1471&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB1471.htm
Text	https://www.ilga.gov/legislation/101/HB/10100HB1471eng.htm
Text	https://www.ilga.gov/legislation/101/HB/10100HB1471enr.htm
Text	https://www.ilga.gov/legislation/publicacts/101/101-0048.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/101/house/10100HB1471_03202019_006000T.pdf
Roll Call	https://www.ilga.gov/legislation/votehistory/101/senate/10100HB1471_05162019_019000T.pdf