90th General Assembly
Summary of SB1739
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Senate Sponsors:

Short description: 
CHARITABLE TRUST-INVEST FUNDS                                              

Synopsis of Bill as introduced:
        Amends the Charitable Trust  Act.   Provides  that  a  person  or      
   trustee  required  to  register  or  maintain  registration shall also      
   submit, by sworn affidavit, a statement that he or she has never  been      
   convicted  of  a  felony.   Provides  that  all donated funds shall be      
   deposited  in  Illinois  regulated  financial  institutions,  if   not      
   invested  in  securities  and  other  earning  bearing  instruments or      
   investments.   Provides  that  donations  for  a  vulnerable  person's      
   benefit shall be managed by trustees under this Act  without  personal      
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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