HB 3325

  • Illinois House Bill
  • 99th 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 "caregiver", "family member", "transfer", "transferee", and "transferor". 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. Effective immediately.

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Jan 10, 2017

House

Session Sine Die

Feb 26, 2015

House

Filed with the Clerk by Rep. Ann M. Williams

House

First Reading

House

Referred to Rules Committee

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