State of Illinois
90th General Assembly
Legislation

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90_SB0361sam001

                                           LRB9002775SMdvam01
 1                    AMENDMENT TO SENATE BILL 361
 2        AMENDMENT NO.     .  Amend Senate Bill 361  by  replacing
 3    the title with the following:
 4        "AN  ACT  to  amend  the  Probate Act of 1975 by changing
 5    Section 25-2."; and
 6    by replacing everything after the enacting  clause  with  the
 7    following:
 8        "Section  5.   The  Probate  Act  of  1975  is amended by
 9    changing Section 25-2 as follows:
10        (755 ILCS 5/25-2) (from Ch. 110 1/2, par. 25-2)
11        Sec. 25-2.  When appointment of  representative  of  ward
12    unnecessary.)  Upon  receiving an affidavit that the personal
13    estate of a ward does not exceed  $10,000  $5,000  in  value,
14    that  no representative has been appointed for his estate and
15    that the affiant is a parent or a  person  standing  in  loco
16    parentis  to  the  minor  or is the spouse of the ward or, if
17    there is no spouse of the ward, that affiant  is  a  relative
18    having  the responsibility of the support of the person under
19    legal disability or ward, any person or corporation  indebted
20    to  or holding personal estate of the ward may pay the amount
21    of the indebtedness or deliver the  personal  estate  to  the
                            -2-            LRB9002775SMdvam01
 1    affiant.   In the same manner and upon like proof, any person
 2    or corporation having the responsibility for the issuance  or
 3    transfer  of stocks, bonds or other personal estate may issue
 4    or transfer the stocks, bonds or other personal estate to  or
 5    in  the  name  of  the  affiant.  Upon the payment, delivery,
 6    transfer or issuance pursuant to the affidavit, the person or
 7    corporation is released to the same extent as if the payment,
 8    delivery, transfer or issuance had been made to  the  legally
 9    qualified  representative  of the ward and is not required to
10    see to the application or disposition of the property.
11    (Source: P.A. 83-706.)
12        Section 99.  Effective date.  This Act takes effect  upon
13    becoming law.".

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