Illinois House Bill 4663 (Prior Session Legislation)

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Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 2)
Status: Passed on August 10 2012 - 100% progression
Action: 2012-08-10 - Public Act . . . . . . . . . 97-0921
Text: Latest bill text (Chaptered) [HTML]

Amends the Trusts and Trustees Act. Adds provisions establishing a directed trust as a type of trust and establishes responsibilities among a distribution trust advisor, trust protector, and other parties to the trust. Provides that the changes to a trustee's powers in a directed trust apply to all trusts in existence on the effective date and all trusts created after that date. Provisions concerning the administration of a trust are available to any trust that is administered in Illinois or governed by Illinois law unless the trust instrument expressly prohibits the use of one or more those provisions by specific reference.

TRUSTS-DIRECTED TRUST-APPLIED

Rep. Emily McAsey [D]

Sen. Ira Silverstein [D]

2012-05-16 - Senate - Third Reading in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]
2012-03-29 - House - Third Reading in House (Y: 106 N: 1 NV: 1 Abs: 3) [PASS]

Date	Chamber	Action
2012-08-10	House	Public Act . . . . . . . . . 97-0921
2012-08-10	House	Effective Date January 1, 2013
2012-08-10	House	Governor Approved
2012-06-14	House	Sent to the Governor
2012-05-16	House	Passed Both Houses
2012-05-16	Senate	Third Reading - Passed; 055-000-000
2012-05-02	Senate	Placed on Calendar Order of 3rd Reading May 3, 2012
2012-05-02	Senate	Second Reading
2012-04-18	Senate	Placed on Calendar Order of 2nd Reading April 19, 2012
2012-04-18	Senate	Do Pass Judiciary; 009-000-000
2012-04-11	Senate	Assigned to Judiciary
2012-03-30	Senate	Referred to Assignments
2012-03-30	Senate	First Reading
2012-03-30	Senate	Chief Senate Sponsor Sen. Ira I. Silverstein
2012-03-30	Senate	Placed on Calendar Order of First Reading
2012-03-30	Senate	Arrive in Senate
2012-03-29	House	House Floor Amendment No. 1 Tabled Pursuant to Rule 40
2012-03-29	House	Third Reading - Short Debate - Passed 106-001-001
2012-03-29	House	Placed on Calendar Order of 3rd Reading - Short Debate
2012-03-29	House	House Floor Amendment No. 2 Adopted by Voice Vote
2012-03-29	House	House Floor Amendment No. 2 Recommends Be Adopted Judiciary I - Civil Law Committee; 011-000-000
2012-03-28	House	House Floor Amendment No. 2 Rules Refers to Judiciary I - Civil Law Committee
2012-03-27	House	Held on Calendar Order of Second Reading - Short Debate
2012-03-27	House	Second Reading - Short Debate
2012-03-26	House	House Floor Amendment No. 2 Referred to Rules Committee
2012-03-26	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Emily McAsey
2012-03-16	House	House Floor Amendment No. 1 Referred to Rules Committee
2012-03-16	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Emily McAsey
2012-03-01	House	Placed on Calendar 2nd Reading - Short Debate
2012-02-29	House	Do Pass / Short Debate Judiciary I - Civil Law Committee; 011-000-000
2012-02-07	House	Assigned to Judiciary I - Civil Law Committee
2012-02-03	House	Referred to Rules Committee
2012-02-03	House	First Reading
2012-02-01	House	Filed with the Clerk by Rep. Emily McAsey

Chapter	Article	Section	Citation Type	Statute Text
760	5	16.3	New Code	See Bill Text
760	5	16.7	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4663&GAID=11&DocTypeID=HB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/HB/09700HB4663.htm
Text	https://www.ilga.gov/legislation/97/HB/09700HB4663ham001.htm
Text	https://www.ilga.gov/legislation/97/HB/09700HB4663ham002.htm
Text	https://www.ilga.gov/legislation/97/HB/09700HB4663eng.htm
Text	https://www.ilga.gov/legislation/97/HB/09700HB4663enr.htm
Text	https://www.ilga.gov/legislation/publicacts/97/097-0921.htm
Roll Call	https://www.ilga.gov/Documents/legislation/votehistory/97/house/09700HB4663_03292012_048000T.pdf
Roll Call	https://www.ilga.gov/Documents/legislation/votehistory/97/senate/09700HB4663_05162012_003000T.pdf