90th General Assembly
Status of HB3470
   [ Home ]   [ Back ]   [ Legislation ]
Legislation:  
Please enter a bill number.



 Full Text  Bill Summary
CROSS.

   735 ILCS 5/12-112         from Ch. 110, par. 12-112                         

        Amends the Code of Civil Procedure.  Excludes from the  provision      
   prohibiting  property  held in tenancy by the entirety to be sold upon      
   judgment against one creditor, property transferred  into  tenancy  by      
   the  entirety  with  "actual  intent  to  hinder,  delay, or defraud a      
   creditor in violation of the Uniform Fraudulent Transfer Act"  (rather      
   than  with  "the sole intent to avoid the payment of debts existing at      
   the time of the transfer beyond the transferor's ability to pay  those      
   debts  as  they become due".  States that "this amendatory Act of 1998      
   is intended as a clarification of  existing  law  and  not  as  a  new      
   enactment".  Effective immediately.                                         
   98-02-17  H  FILED WITH CLERK                                               
   98-02-17  H  FIRST READING                                                  
   98-02-17  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   98-03-11  H       ASSIGNED TO COMMITTEE               JUD-CIVIL LAW         
   98-03-20  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   99-01-12  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary