92nd General Assembly
Summary of HB0774
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House Sponsors:
PERSICO-OSMOND-RIGHTER.

Senate Sponsors:
DILLARD

Short description: 
TRUSTS-TECH                                                                

Synopsis of Bill as introduced:
        Amends the Trusts and Trustees Act.  Makes technical changes in a      
   Section concerning the Act's short title.                                   
        HOUSE AMENDMENT NO. 3.                                                 
          Deletes reference to:                                                
          760 ILCS 5/1                                                         
          Adds reference to:                                                   
          760 ILCS 5/5.3 new                                                   
        Deletes everything. Amends the Trusts and Trustees Act.  Provides      
   that  a  trustee may, but is not required to, invest for total return.      
   Contains  provisions concerning:  criteria  for  investing  for  total      
   return;  crediting the  income of the trust when a trustee invests for      
   total return; limitations on  questioning a  trustee's  judgment;  and      
   notice  to  primary  beneficiaries of an  election to invest for total      
   return.                                                                     
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status