IL SB3421 | 2023-2024 | 103rd General Assembly
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on August 9 2024 - 100% progression
Action: 2024-08-09 - Public Act . . . . . . . . . 103-0994
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on August 9 2024 - 100% progression
Action: 2024-08-09 - Public Act . . . . . . . . . 103-0994
Text: Latest bill text (Chaptered) [HTML]
Summary
Amends the Illinois Power of Attorney Act. Provides that it is unreasonable for a third party to refuse to honor an Illinois statutory short form power of attorney properly executed in accordance with the laws in effect at the time of its execution, if the only reason for the refusal is any of the following: (1) the power of attorney is not on a form required by the terms of any account agreement between the account holder and third party; (2) there has been a lapse of time since the execution of the power of attorney; (3) on the face of the statutory short form power of attorney, there is a lapse of time between the date of acknowledgment of the signature of the principal and the date of the acceptance by the agent; (4) the document provided does not bear an original signature, original witness, or original notarization but is accompanied by a properly executed Agent's Certification and Acceptance of Authority, Successor Agent's Certification and Acceptance of Authority, or Co-Agent's Certification and Acceptance of Authority bearing the original signature of the named agent; or (5) the document appoints an entity as the agent. Provides that nothing shall be interpreted as prohibiting or limiting a third party from requiring the named agent to furnish a properly executed Agent's Certification and Acceptance of Authority, Successor Agent's Certification and Acceptance of Authority, or Co-Agent's Certification and Acceptance of Authority. Provides multiple reasons for which it shall be deemed reasonable cause for a third party to refuse to honor a power of attorney for property.
Title
POWER OF ATTY HONORING FORMS
Sponsors
| Sen. Don Harmon [D] | Rep. Jay Hoffman [D] |
Roll Calls
2024-05-22 - House - Third Reading in House (Y: 110 N: 0 NV: 0 Abs: 0) [PASS]
2024-04-09 - Senate - Third Reading in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]
2024-04-09 - Senate - Third Reading in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-08-09 | Senate | Public Act . . . . . . . . . 103-0994 |
| 2024-08-09 | Senate | Effective Date January 1, 2025 |
| 2024-08-09 | Senate | Governor Approved |
| 2024-06-20 | Senate | Sent to the Governor |
| 2024-05-22 | Senate | Passed Both Houses |
| 2024-05-22 | House | Third Reading - Short Debate - Passed 110-000-000 |
| 2024-05-22 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2024-05-17 | House | Third Reading/Final Action Deadline Extended-9(b) May 24, 2024 |
| 2024-05-16 | House | Held on Calendar Order of Second Reading - Short Debate |
| 2024-05-16 | House | Second Reading - Short Debate |
| 2024-05-01 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2024-05-01 | House | Do Pass / Short Debate Judiciary - Civil Committee; 014-000-000 |
| 2024-04-24 | House | Assigned to Judiciary - Civil Committee |
| 2024-04-15 | House | Referred to Rules Committee |
| 2024-04-15 | House | First Reading |
| 2024-04-15 | House | Chief House Sponsor Rep. Jay Hoffman |
| 2024-04-15 | Senate | Chief Sponsor Changed to Sen. Don Harmon |
| 2024-04-09 | House | Arrived in House |
| 2024-04-09 | Senate | Third Reading - Passed; 055-000-000 |
| 2024-04-09 | Senate | Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4 (a) |
| 2024-03-14 | Senate | Placed on Calendar Order of 3rd Reading March 20, 2024 |
| 2024-03-14 | Senate | Second Reading |
| 2024-03-06 | Senate | Placed on Calendar Order of 2nd Reading March 7, 2024 |
| 2024-03-06 | Senate | Do Pass as Amended Judiciary; 008-000-000 |
| 2024-03-05 | Senate | Senate Committee Amendment No. 2 Adopted |
| 2024-03-05 | Senate | Senate Committee Amendment No. 2 Assignments Refers to Judiciary |
| 2024-03-05 | Senate | Senate Committee Amendment No. 1 Pursuant to Senate Rule 3-8 (b-1) this amendment will stay in Assignments |
| 2024-03-01 | Senate | Senate Committee Amendment No. 2 Referred to Assignments |
| 2024-03-01 | Senate | Senate Committee Amendment No. 2 Filed with Secretary by Sen. Ann Gillespie |
| 2024-02-28 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2024-02-28 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ann Gillespie |
| 2024-02-20 | Senate | Assigned to Judiciary |
| 2024-02-08 | Senate | Referred to Assignments |
| 2024-02-08 | Senate | First Reading |
| 2024-02-08 | Senate | Filed with Secretary by Sen. Ann Gillespie |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 755 | 45 | 2-8 | Amended Code | Citation Text |
