Illinois General Assembly - Bill Status for SB3886
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

 Bill Status of SB3886  102nd General Assembly


Short Description:  BANKING&PROBATE-FINANCE/NOTICE

Senate Sponsors
Sen. Jason Plummer

Last Action
DateChamber Action
  1/21/2022SenateReferred to Assignments

Statutes Amended In Order of Appearance
205 ILCS 5/32from Ch. 17, par. 339
205 ILCS 5/48.1from Ch. 17, par. 360
205 ILCS 705/10
755 ILCS 5/6-15from Ch. 110 1/2, par. 6-15


Synopsis As Introduced
Amends the Illinois Banking Act. In provisions concerning customer financial records and confidentiality, provides that the language does not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a customer. Makes other changes. Amends the Financial Institutions Electronic Documents and Digital Signatures Act. In provisions concerning electronic notices, provides that consent to electronic transactions given by the customer pursuant to the federal Electronic Signatures in Global and National Commerce Act shall satisfy applicable consent requirements. Amends the Probate Act of 1975. Provides that any person doing business or performing transactions on behalf of or at the direction of an executor or administrator with a will annexed shall be entitled to the presumption that the executor or administrator with the will annexed is lawfully authorized to conduct the business or perform the transaction without such person investigating the source of the authority and without verifying that the actions of the executor or administrator with the will annexed comply with a will or any order of the probate court, unless such person has actual knowledge to the contrary.

Actions 
DateChamber Action
  1/21/2022SenateFiled with Secretary by Sen. Jason Plummer
  1/21/2022SenateFirst Reading
  1/21/2022SenateReferred to Assignments

Back To Top