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]

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.

Tracking Information

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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]

History

DateChamberAction
2018-08-23HousePublic Act . . . . . . . . . 100-1044
2018-08-23HouseEffective Date January 1, 2019
2018-08-23HouseGovernor Approved
2018-06-29HouseSent to the Governor
2018-05-31HousePassed Both Houses
2018-05-31SenateThird Reading - Passed; 054-000-000
2018-05-25SenateRule 2-10 Third Reading Deadline Established As May 31, 2018
2018-05-21SenatePlaced on Calendar Order of 3rd Reading May 22, 2018
2018-05-21SenateSecond Reading
2018-05-02SenatePlaced on Calendar Order of 2nd Reading May 3, 2018
2018-05-02SenateDo Pass Judiciary; 011-000-000
2018-04-25SenateAssigned to Judiciary
2018-04-23SenateReferred to Assignments
2018-04-23SenateFirst Reading
2018-04-23SenateChief Senate Sponsor Sen. John G. Mulroe
2018-04-19SenatePlaced on Calendar Order of First Reading April 23, 2018
2018-04-19SenateArrive in Senate
2018-04-18HouseThird Reading - Short Debate - Passed 111-000-000
2018-04-17HousePlaced on Calendar Order of 3rd Reading - Short Debate
2018-04-17HouseSecond Reading - Short Debate
2018-04-10HousePlaced on Calendar 2nd Reading - Short Debate
2018-04-10HouseDo Pass / Short Debate Judiciary - Civil Committee; 011-000-000
2018-04-10HouseReported Back To Judiciary - Civil Committee;
2018-04-10HouseRecommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000
2018-03-07HouseTo Trusts & Estates Law Subcommittee
2018-02-21HouseAssigned to Judiciary - Civil Committee
2018-02-13HouseReferred to Rules Committee
2018-02-13HouseFirst Reading
2018-02-08HouseFiled with the Clerk by Rep. Michael Halpin

Code Citations

ChapterArticleSectionCitation TypeStatute Text
75552-7Amended CodeCitation Text
75554-2Repealed CodeCitation Text
765320ActRepealed CodeCitation Text
765325ActRepealed CodeCitation Text

Illinois State Sources


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