760 ILCS 15/Act rep.
Creates the Uniform Principal and Income Act (1997). Contains
provisions regarding: how income earned during the probate of an
estate is distributed to trusts and to persons; when an income
interest in a trust begins, what property is principal and what is
income; when an income interest ends, who gets the income that has not
been distributed or collected, or that is not yet due; and how an
income interest's receipts and disbursements should be allocated
between principal and income. Repeals the Principal and Income Act.
99-05-27 H FILED WITH CLERK
99-06-02 H FIRST READING
99-06-02 H REFERRED TO HOUSE RULES COMMITTEE RULES
01-01-09 H SESSION SINE DIE
END OF INQUIRY
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