Bill Text: IL SB2309 | 2017-2018 | 100th General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Trusts and Trustees Act. Deletes language requiring that a conveyance of real property to a trust include evidence of acceptance by the trustee.

Spectrum: Bipartisan Bill

Status: (Passed) 2018-08-10 - Public Act . . . . . . . . . 100-0786 [SB2309 Detail]

Download: Illinois-2017-SB2309-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 SB2309 Introduced 1/17/2018, by Sen. John G. Mulroe SYNOPSIS AS INTRODUCED:
760 ILCS 5/6.5
Amends the Trusts and Trustees Act. Deletes language requiring that a conveyance of real property to a trust include evidence of acceptance by the trustee.
LRB100 17186 HEP 32342 b
A BILL FOR
SB2309 LRB100 17186 HEP 32342 b
AN ACT concerning civil law.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Trusts and Trustees Act is amended by
changing Section 6.5 as follows:
(760 ILCS 5/6.5)
Sec. 6.5. Transfer of property to trust.
(a) The transfer of real property to a trust requires a
transfer of legal title to the trustee evidenced by a written
instrument of conveyance and acceptance by the trustee.
(b) If the transferor is a trustee of the trust, an
interest in real property does not become trust property unless
the instrument of conveyance is recorded in the office of the
recorder of the county in which the property is located.
(Source: P.A. 99-743, eff. 1-1-17.)