HB 4320

  • Illinois House Bill
  • 103rd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Trusts-Maintenance Of Records

Abstract

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.

Bill Sponsors (1)

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Jan 16, 2024

House

First Reading

House

Referred to Rules Committee

Jan 03, 2024

House

Filed with the Clerk by Rep. Amy Elik

Bill Text

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Sources

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