HB 4697

  • Illinois House Bill
  • 99th Regular Session
  • Introduced in House Apr 19, 2016
  • Passed House Apr 18, 2016
  • Passed Senate May 24, 2016
  • Became Law Jul 22, 2016

Land Trust Beneficiary Rights

Abstract

Creates the Land Trust Beneficiary Rights Act. Provides that if the identity of the trustee of a land trust has been changed by virtue of sale, assignment, appointment, or otherwise, but the beneficial owner or owners of the land trust remain unchanged, the rights of the beneficial owner or owners shall in no way be impaired by the change of trustees. Provides that a change of trustees pursuant to a sale, acquisition, or appointment governed by the Corporate Fiduciaries Act is not a bar or defense to any pending court action filed by or in the name of either the previous trustee or the new trustee, irrespective of whether the court action was originally filed in a representative capacity on behalf of the beneficial owner or owners.

Bill Sponsors (1)

Votes


Actions


Jul 22, 2016

House

Public Act . . . . . . . . . 99-0609

House

Effective Date January 1, 2017

House

Governor Approved

Jun 13, 2016

House

Sent to the Governor

May 24, 2016

Senate

Third Reading - Passed; 053-000-000

House

Passed Both Houses

May 10, 2016

Senate

Placed on Calendar Order of 3rd Reading May 11, 2016

Senate

Second Reading

May 04, 2016

Senate

Do Pass Judiciary; 010-000-000

Senate

Placed on Calendar Order of 2nd Reading May 5, 2016

Apr 27, 2016

Senate

Assigned to Judiciary

Apr 19, 2016

Senate

Arrive in Senate

Senate

Placed on Calendar Order of First Reading April 20, 2016

Senate

Chief Senate Sponsor Sen. Michael E. Hastings

Senate

First Reading

Senate

Referred to Assignments

Apr 18, 2016

House

Third Reading - Short Debate - Passed 111-000-000

Apr 14, 2016

House

Chief Sponsor Changed to Rep. Ann M. Williams

Apr 07, 2016

House

Second Reading - Short Debate

House

Placed on Calendar Order of 3rd Reading - Short Debate

Apr 05, 2016

House

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

House

Added Chief Co-Sponsor Rep. André Thapedi

House

Placed on Calendar 2nd Reading - Short Debate

House

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

Apr 04, 2016

House

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

Mar 24, 2016

House

House Committee Amendment No. 1 Filed with Clerk by Rep. Elaine Nekritz

House

House Committee Amendment No. 1 Referred to Rules Committee

Feb 23, 2016

House

Assigned to Judiciary - Civil Committee

Feb 05, 2016

House

First Reading

House

Referred to Rules Committee

House

Filed with the Clerk by Rep. Elaine Nekritz

Bill Text

Bill Text Versions Format
Introduced HTML
Engrossed HTML
Enrolled HTML

Related Documents

Document Format
Public Act
House Amendment 001

Sources

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