Illinois General Assembly - Bill Status for SB2291
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 SB2291  102nd General Assembly


Short Description:  CIV PRO-JUDGMENT EXEMPT PROP

Senate Sponsors
Sen. John J. Cullerton - Christine Radogno and Edward D. Maloney

House Sponsors
(Rep. Kevin A. McCarthy)

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
735 ILCS 5/12-1001from Ch. 110, par. 12-1001


Synopsis As Introduced
Amends the Code of Civil Procedure. Provides that moneys held in an account invested in the Illinois College Savings Pool of which the debtor is a participant or donor is personal property that is exempt from judgment, attachment, or distress from rent except for: (i) contributions to the account made with the intent to hinder, delay, or defraud any creditor, (ii) certain contributions to the account made during the 365 day period prior to the date of the debtor filing for bankruptcy in excess of the annual gift tax exclusion; or (iii) certain contributions to the account made during the 730 to 366 day period prior to the date of the debtor filing for bankruptcy in excess of the annual gift tax exclusion.

Senate Committee Amendment No. 1
Adds reference to:
15 ILCS 505/16.5

Deletes everything after the enacting clause. Reinserts the provisions of the Bill as introduced. Amends the State Treasurer Act to provide that moneys held in an account invested in the Illinois College Savings Pool shall be exempt from all claims of the creditors of the participant, donor, or designated beneficiary of that account, except for non-exempt College Savings Pool transfers to or from the account. Defines "participant" and "donor".

Actions 
DateChamber Action
  1/12/2006SenateFiled with Secretary by Sen. John J. Cullerton
  1/12/2006SenateFirst Reading
  1/12/2006SenateReferred to Rules
  2/8/2006SenateAssigned to Judiciary
  2/9/2006SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton
  2/9/2006SenateSenate Committee Amendment No. 1 Referred to Rules
  2/14/2006SenateSenate Committee Amendment No. 1 Rules Refers to Judiciary
  2/14/2006SenateSenate Committee Amendment No. 1 Adopted
  2/15/2006SenateDo Pass as Amended Judiciary; 010-000-000
  2/15/2006SenatePlaced on Calendar Order of 2nd Reading February 16, 2006
  2/15/2006SenateAdded as Chief Co-Sponsor Sen. Christine Radogno
  2/16/2006SenateSecond Reading
  2/16/2006SenatePlaced on Calendar Order of 3rd Reading February 22, 2006
  2/22/2006SenateAdded as Co-Sponsor Sen. Edward D. Maloney
  2/22/2006SenateThird Reading - Passed; 052-000-000
  2/22/2006HouseArrived in House
  2/22/2006HousePlaced on Calendar Order of First Reading
  2/23/2006HouseChief House Sponsor Rep. Kevin A. McCarthy
  2/23/2006HouseFirst Reading
  2/23/2006HouseReferred to Rules Committee
  1/9/2007SenateSession Sine Die

Back To Top