Illinois General Assembly - Bill Status for HB4702
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 Bill Status of HB4702  97th General Assembly


House Sponsors
Rep. Michael Halpin

Senate Sponsors
(Sen. John G. Mulroe)

Last Action
DateChamber Action
  8/23/2018HousePublic Act . . . . . . . . . 100-1044

Statutes Amended In Order of Appearance
New Act
755 ILCS 5/2-7from Ch. 110 1/2, par. 2-7
755 ILCS 5/4-2 rep.
765 ILCS 320/Act rep.
765 ILCS 325/Act rep.

Synopsis As Introduced
Creates the Uniform Powers of Appointment Act. Defines terms. Adds provisions concerning: governing law, common law and principles of equity; creation of power of appointment; nontransferability; presumption of unlimited authority; rules of classification; power to revoke or amend; requisites for exercise of power of appointment; intent to exercise; donor-imposed formal requirements; permissible appointment; the selective allocation doctrine; the capture doctrine; disposition of unappointed property; appointment to taker in default; the powerholder's authority to revoke or amend exercise; disposition of trust property subject to power; disclaimer; release; power to contract; creditor claims; and other matters. Makes corresponding changes in the Probate Act of 1975. Repeals the Power of Appointment Exercise Act and the Termination of Powers Act.

DateChamber Action
  2/8/2018HouseFiled with the Clerk by Rep. Michael Halpin
  2/13/2018HouseFirst Reading
  2/13/2018HouseReferred to Rules Committee
  2/21/2018HouseAssigned to Judiciary - Civil Committee
  3/7/2018HouseTo Trusts & Estates Law Subcommittee
  4/10/2018HouseRecommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000
  4/10/2018HouseReported Back To Judiciary - Civil Committee;
  4/10/2018HouseDo Pass / Short Debate Judiciary - Civil Committee; 011-000-000
  4/10/2018HousePlaced on Calendar 2nd Reading - Short Debate
  4/17/2018HouseSecond Reading - Short Debate
  4/17/2018HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/18/2018HouseThird Reading - Short Debate - Passed 111-000-000
  4/19/2018SenateArrive in Senate
  4/19/2018SenatePlaced on Calendar Order of First Reading April 23, 2018
  4/23/2018SenateChief Senate Sponsor Sen. John G. Mulroe
  4/23/2018SenateFirst Reading
  4/23/2018SenateReferred to Assignments
  4/25/2018SenateAssigned to Judiciary
  5/2/2018SenateDo Pass Judiciary; 011-000-000
  5/2/2018SenatePlaced on Calendar Order of 2nd Reading May 3, 2018
  5/21/2018SenateSecond Reading
  5/21/2018SenatePlaced on Calendar Order of 3rd Reading May 22, 2018
  5/25/2018SenateRule 2-10 Third Reading Deadline Established As May 31, 2018
  5/31/2018SenateThird Reading - Passed; 054-000-000
  5/31/2018HousePassed Both Houses
  6/29/2018HouseSent to the Governor
  8/23/2018HouseGovernor Approved
  8/23/2018HouseEffective Date January 1, 2019
  8/23/2018HousePublic Act . . . . . . . . . 100-1044

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