Public Act 90-0307 of the 90th General Assembly

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Public Act 90-0307

SB361 Enrolled                                 LRB9002775NTsb

    AN ACT to amend the  Probate  Act  of  1975  by  changing
Section 25-2.

    Be  it  enacted  by  the People of the State of Illinois,
represented in the General Assembly:

    Section 5.   The  Probate  Act  of  1975  is  amended  by
changing Section 25-2 as follows:

    (755 ILCS 5/25-2) (from Ch. 110 1/2, par. 25-2)
    Sec.  25-2.   When  appointment of representative of ward
unnecessary.) Upon receiving an affidavit that  the  personal
estate  of  a  ward  does not exceed $10,000 $5,000 in value,
that no representative has been appointed for his estate  and
that  the  affiant  is  a parent or a person standing in loco
parentis to the minor or is the spouse of  the  ward  or,  if
there  is  no  spouse of the ward, that affiant is a relative
having the responsibility of the support of the person  under
legal  disability or ward, any person or corporation indebted
to or holding personal estate of the ward may pay the  amount
of  the  indebtedness  or  deliver the personal estate to the
affiant.  In the same manner and upon like proof, any  person
or  corporation having the responsibility for the issuance or
transfer of stocks, bonds or other personal estate may  issue
or  transfer the stocks, bonds or other personal estate to or
in the name of the  affiant.   Upon  the  payment,  delivery,
transfer or issuance pursuant to the affidavit, the person or
corporation is released to the same extent as if the payment,
delivery,  transfer  or issuance had been made to the legally
qualified representative of the ward and is not  required  to
see to the application or disposition of the property.
(Source: P.A. 83-706.)

    Section  99.  Effective date.  This Act takes effect upon
becoming law.

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