IL HB4702 | 2017-2018 | 100th General Assembly
Status
Completed Legislative Action
Sponsorship: Partisan Bill (Democrat 2)
Status: Passed on August 23 2018 - 100% progression
Action: 2018-08-23 - Public Act . . . . . . . . . 100-1044
Text: Latest bill text (Chaptered) [HTML]
Sponsorship: Partisan Bill (Democrat 2)
Status: Passed on August 23 2018 - 100% progression
Action: 2018-08-23 - Public Act . . . . . . . . . 100-1044
Text: Latest bill text (Chaptered) [HTML]
Summary
Creates the Uniform Powers of Appointment Act. Defines terms. Adds provisions concerning: governing law, common law and principles of equity; creation of power of appointment; nontransferability; presumption of unlimited authority; rules of classification; power to revoke or amend; requisites for exercise of power of appointment; intent to exercise; donor-imposed formal requirements; permissible appointment; the selective allocation doctrine; the capture doctrine; disposition of unappointed property; appointment to taker in default; the powerholder's authority to revoke or amend exercise; disposition of trust property subject to power; disclaimer; release; power to contract; creditor claims; and other matters. Makes corresponding changes in the Probate Act of 1975. Repeals the Power of Appointment Exercise Act and the Termination of Powers Act.
Title
UNIFORM POWERS OF APPOINTMENT
Sponsors
Roll Calls
2018-05-31 - Senate - Third Reading in Senate (Y: 54 N: 0 NV: 5 Abs: 0) [PASS]
2018-04-18 - House - Third Reading in House (Y: 111 N: 0 NV: 1 Abs: 1) [PASS]
2018-04-18 - House - Third Reading in House (Y: 111 N: 0 NV: 1 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2018-08-23 | House | Public Act . . . . . . . . . 100-1044 |
| 2018-08-23 | House | Effective Date January 1, 2019 |
| 2018-08-23 | House | Governor Approved |
| 2018-06-29 | House | Sent to the Governor |
| 2018-05-31 | House | Passed Both Houses |
| 2018-05-31 | Senate | Third Reading - Passed; 054-000-000 |
| 2018-05-25 | Senate | Rule 2-10 Third Reading Deadline Established As May 31, 2018 |
| 2018-05-21 | Senate | Placed on Calendar Order of 3rd Reading May 22, 2018 |
| 2018-05-21 | Senate | Second Reading |
| 2018-05-02 | Senate | Placed on Calendar Order of 2nd Reading May 3, 2018 |
| 2018-05-02 | Senate | Do Pass Judiciary; 011-000-000 |
| 2018-04-25 | Senate | Assigned to Judiciary |
| 2018-04-23 | Senate | Referred to Assignments |
| 2018-04-23 | Senate | First Reading |
| 2018-04-23 | Senate | Chief Senate Sponsor Sen. John G. Mulroe |
| 2018-04-19 | Senate | Placed on Calendar Order of First Reading April 23, 2018 |
| 2018-04-19 | Senate | Arrive in Senate |
| 2018-04-18 | House | Third Reading - Short Debate - Passed 111-000-000 |
| 2018-04-17 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2018-04-17 | House | Second Reading - Short Debate |
| 2018-04-10 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2018-04-10 | House | Do Pass / Short Debate Judiciary - Civil Committee; 011-000-000 |
| 2018-04-10 | House | Reported Back To Judiciary - Civil Committee; |
| 2018-04-10 | House | Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000 |
| 2018-03-07 | House | To Trusts & Estates Law Subcommittee |
| 2018-02-21 | House | Assigned to Judiciary - Civil Committee |
| 2018-02-13 | House | Referred to Rules Committee |
| 2018-02-13 | House | First Reading |
| 2018-02-08 | House | Filed with the Clerk by Rep. Michael Halpin |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 755 | 5 | 2-7 | Amended Code | Citation Text |
| 755 | 5 | 4-2 | Repealed Code | Citation Text |
| 765 | 320 | Act | Repealed Code | Citation Text |
| 765 | 325 | Act | Repealed Code | Citation Text |
