Illinois General Assembly - Bill Status for HB1136

Home

Legislation & Laws

Senate

House

My Legislation

Site Map

Previous General Assemblies

Bill Status of HB1136 94th General Assembly

Full Text Votes Witness Slips View All Actions Printer-Friendly Version

Short Description: TRUSTEES ACT-SMALL TRUST

House Sponsors
Rep. Randall M. Hultgren

Last Action

Date	Chamber	Action
1/9/2007	House	Session Sine Die

Statutes Amended In Order of Appearance

760 ILCS 5/4

from Ch. 17, par. 1654

760 ILCS 5/4.26 new

Synopsis As Introduced
Amends the Trusts and Trustees Act. Permits a trustee to terminate a trust if it has a market value of less than $100,000 and the costs of continuing the trust will substantially impair the purpose of the trust. Outlines how distribution shall be made. Provides that a trustee who is an income beneficiary may not participate as a trustee in the exercise of termination power. Effective immediately.

Actions

Date	Chamber	Action
2/8/2005	House	Filed with the Clerk by Rep. Randall M. Hultgren
2/8/2005	House	First Reading
2/8/2005	House	Referred to Rules Committee
2/10/2005	House	Assigned to Judiciary I - Civil Law Committee
2/16/2005	House	Re-assigned to Executive Committee
3/10/2005	House	Rule 19(a) / Re-referred to Rules Committee
1/9/2007	House	Session Sine Die

×