91st General Assembly
Status of HB2875
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 Full Text  Bill Summary

   New Act                                                                     
   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                                               


 Full Text  Bill Summary