Bill Status of HB4137  93rd General Assembly

Short Description:  TRUSTS-ANIMAL TRUSTS

House Sponsors
Rep. Terry R. Parke

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
760 ILCS 5/15.2 new

Synopsis As Introduced
Amends the Trusts and Trustees Act. Provides that a trust for the care of one or more designated domestic or pet animals is valid. Establishes rules regarding the administration and termination of these trusts. Provides that trust instruments shall be liberally construed to bring the transfer within the new provision and to carry out the intent of the transferor. Provides that these trusts are exempt from the operation of the common law rule against perpetuities.

DateChamber Action
  1/16/2004HouseFiled with the Clerk by Rep. Terry R. Parke
  1/20/2004HouseFirst Reading
  1/20/2004HouseReferred to Rules Committee
  1/11/2005HouseSession Sine Die