IL SB0063 | 2015-2016 | 99th General Assembly

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 15 2015 - 25% progression, died in committee
Action: 2015-10-10 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Trusts and Trustees Act. Provides that by accepting a benefit under a trust instrument, the beneficiary admits the instrument to be a valid trust. Provides that a beneficiary of a trust may not accept a benefit under the instrument and at the same time set up a claim which is contrary to the substantive terms of the trust.

Tracking Information

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Title

TRUSTS AND TRUSTEES-ACCEPTANCE

Sponsors


History

DateChamberAction
2015-10-10SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
2015-10-08SenateRule 2-10 Third Reading Deadline Established As October 20, 2015
2015-03-10SenateAdded as Chief Co-Sponsor Sen. Pamela J. Althoff
2015-03-04SenatePlaced on Calendar Order of 2nd Reading March 5, 2015
2015-03-04SenateDo Pass as Amended Judiciary; 011-000-000
2015-03-03SenateSenate Committee Amendment No. 1 Adopted
2015-03-03SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary
2015-02-27SenateSenate Committee Amendment No. 1 Referred to Assignments
2015-02-27SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Chris Nybo
2015-02-18SenatePostponed - Judiciary
2015-01-28SenateAssigned to Judiciary
2015-01-15SenateReferred to Assignments
2015-01-15SenateFirst Reading
2015-01-15SenateFiled with Secretary by Sen. Chris Nybo

Code Citations

ChapterArticleSectionCitation TypeStatute Text
760518.5New CodeSee Bill Text

Illinois State Sources


Bill Comments

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