Bill Title: Amends the Duties and Powers of Trustee Article of the Illinois Trust Code. Requires a trustee to maintain trust records for a minimum of 7 years. Requires a trustee in possession of any documentation regarding unclaimed property that may be needed to support an interested person's claim to the property, prior to the destruction of the documentation, to check with the State Treasurer as to whether the State Treasurer is holding any unclaimed property.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-01-16 - Referred to Rules Committee [HB4320 Detail]

Text: Latest bill text (Introduced) [HTML]

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