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

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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-Chaptered.html

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Public Act 100-0786
SB2309 Enrolled 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) (Blank) 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.)