Illinois General Assembly - Bill Status for HB1471

Illinois General Assembly - Bill Status for HB1471

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Bill Status of HB1471 101.th General Assembly

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Short Description: ILLINOIS TRUST CODE

House Sponsors
Rep. Ann M. Williams - Margo McDermed and Deanne M. Mazzochi

Senate Sponsors
(Sen. John G. Mulroe)

Last Action

Date	Chamber	Action
7/12/2019	House	Public Act . . . . . . . . . 101-0048

Statutes Amended In Order of Appearance

New Act

760 ILCS 5/Act rep.

760 ILCS 35/Act rep.

760 ILCS 105/Act rep.

765 ILCS 305/Act rep.

765 ILCS 310/Act rep.

765 ILCS 315/Act rep.

from Ch. 127, par. 4002

60 ILCS 1/135-20

205 ILCS 620/1-6

from Ch. 17, par. 1551-6

205 ILCS 620/6-10

from Ch. 17, par. 1556-10

205 ILCS 620/9-5

from Ch. 17, par. 1559-5

from Ch. 91 1/2, par. 1703

215 ILCS 155/21.1

from Ch. 111 1/2, par. 73.105

405 ILCS 5/3-605

from Ch. 91 1/2, par. 3-605

405 ILCS 5/3-819

from Ch. 91 1/2, par. 3-819

405 ILCS 5/5-105

from Ch. 91 1/2, par. 5-105

750 ILCS 5/513.5

from Ch. 110 1/2, par. 2-7

755 ILCS 5/28-8

from Ch. 110 1/2, par. 28-8

755 ILCS 45/3-4

from Ch. 110 1/2, par. 803-4

from Ch. 17, par. 2103

805 ILCS 110/46j

from Ch. 32, par. 185

815 ILCS 390/16

from Ch. 21, par. 216

Synopsis As Introduced
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.

Actions

Date	Chamber	Action
1/29/2019	House	Filed with the Clerk by Rep. Ann M. Williams
1/29/2019	House	First Reading
1/29/2019	House	Referred to Rules Committee
2/6/2019	House	Added Chief Co-Sponsor Rep. Margo McDermed
2/13/2019	House	Assigned to Judiciary - Civil Committee
2/15/2019	House	To Commercial Law Subcommittee
2/15/2019	House	To Constitutional Law Subcommittee
2/20/2019	House	To Commercial Law Subcommittee
2/27/2019	House	Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 007-000-000
2/27/2019	House	Reported Back To Judiciary - Civil Committee;
2/27/2019	House	Do Pass / Short Debate Judiciary - Civil Committee; 012-000-000
2/27/2019	House	Added Co-Sponsor Rep. Deanne M. Mazzochi
2/28/2019	House	Placed on Calendar 2nd Reading - Short Debate
3/6/2019	House	Second Reading - Short Debate
3/6/2019	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/20/2019	House	Third Reading - Short Debate - Passed 114-000-000
3/20/2019	Senate	Arrive in Senate
3/20/2019	Senate	Placed on Calendar Order of First Reading
3/20/2019	Senate	Chief Senate Sponsor Sen. John G. Mulroe
3/20/2019	Senate	First Reading
3/20/2019	Senate	Referred to Assignments
4/24/2019	Senate	Assigned to Judiciary
5/2/2019	Senate	Do Pass Judiciary; 009-000-000
5/2/2019	Senate	Placed on Calendar Order of 2nd Reading May 7, 2019
5/9/2019	Senate	Second Reading
5/9/2019	Senate	Placed on Calendar Order of 3rd Reading May 14, 2019
5/16/2019	Senate	Third Reading - Passed; 057-000-000
5/16/2019	House	Passed Both Houses
6/14/2019	House	Sent to the Governor
7/12/2019	House	Governor Approved
7/12/2019	House	Effective Date January 1, 2020
7/12/2019	House	Public Act . . . . . . . . . 101-0048