HB 2716

  • Illinois House Bill
  • 100th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Presumptively Void Transfers

Abstract

Amends the Presumptively Void Transfers Article of the Probate Act of 1975. Replaces references to the term "transfer instrument" with "transfer". Changes the definitions of "family member" and "transfer". Provides that if the court determines the transferor lacked the requisite capacity to convey, the entire transfer instrument shall be deemed void. Provides that if the property in question is an interest in real property, a purchaser or mortgagee for value and without notice, before the recordation of a lis pendens for an action, shall take free and clear of the action. Provides that a holder of property shall not be liable for distributing or releasing the property to the transferee if the distribution or release occurs prior to the holder being made a party to an action challenging the transfer. Effective immediately.

Bill Sponsors (1)

Votes


Actions


Jan 08, 2019

House

Session Sine Die

Apr 28, 2017

House

Rule 19(a) / Re-referred to Rules Committee

Apr 26, 2017

House

Second Reading - Short Debate

House

Held on Calendar Order of Second Reading - Short Debate

Mar 29, 2017

House

Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000

House

Reported Back To Judiciary - Civil Committee;

House

House Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote

House

Do Pass as Amended / Short Debate Judiciary - Civil Committee; 011-000-000

House

Placed on Calendar 2nd Reading - Short Debate

Mar 08, 2017

House

House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee

Mar 06, 2017

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Emanuel Chris Welch

House

House Committee Amendment No. 1 Referred to Rules Committee

Feb 24, 2017

House

To Trusts & Estates Law Subcommittee

Feb 22, 2017

House

Assigned to Judiciary - Civil Committee

Feb 08, 2017

House

First Reading

House

Referred to Rules Committee

House

Filed with the Clerk by Rep. Emanuel Chris Welch

Bill Text

Bill Text Versions Format
Introduced HTML

Related Documents

Document Format
House Amendment 001

Sources

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