Bill Status of SB3886 98th General Assembly
Short Description: BANKING&PROBATE-FINANCE/NOTICE
Sen. Jason Plummer
| 1/10/2023||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
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.
|Date||Chamber|| Action|| 1/21/2022||Senate||Filed with Secretary by Sen. Jason Plummer|| 1/21/2022||Senate||First Reading|| 1/21/2022||Senate||Referred to Assignments|| 1/10/2023||Senate||Session Sine Die|