Bill Title: Amends the Illinois Trust and Payable on Death Accounts Act. Provides that in order to take under the trust or payable on death account, a beneficiary that is not a natural person must be in lawful existence at the time of the death of the last surviving trustee. Effective immediately.

Sponsorship: Partisan Bill (Democrat 3)

Status: (Engrossed - Dead) 2009-05-08 - Rule 19(a) / Re-referred to Rules Committee [SB1621 Detail]

Text: Latest bill text (Engrossed) [HTML]

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