Illinois General Assembly - Bill Status for HB5809
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 Bill Status of HB5809  98th General Assembly


Short Description:  FUNERAL PRE-NEED CONTRACTS

House Sponsors
Rep. Dan Brady

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
225 ILCS 45/4a


Synopsis As Introduced
Amends the Illinois Funeral or Burial Funds Act. Provides that, in the event a trust is used to fund a pre-need contract, the trustee of the trust shall issue a statement regarding the trust's performance to the beneficiary each month. Provides that the statement shall include the rate of interest, interest earned, net and liquid value, original principal investment, and any fees assessed by the banking or investment institution where the trust is held.

Actions 
DateChamber Action
  2/14/2014HouseFiled with the Clerk by Rep. Dan Brady
  2/14/2014HouseFirst Reading
  2/14/2014HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die

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