TRUSTS & TRUSTEES-DISTRIBUTION Senate SponsorsSen. John J. Cullerton 1/11/2005SenateSession Sine Die 760 ILCS 5/5.3760 ILCS 15/4.5 new760 ILCS 15/4.10 newAmends the Trusts and Trustees Act. Sets out notice requirements for converting a trust to a total return trust. Changes the amount of time that a trustee has to respond to a request for conversion from six months to 60 days. Lists items that the trustee or court may consider when deciding on a request to convert, reconvert, or determine a distribution percentage. Authorizes a court to order a trustee to pay an appropriate amount from the trustee's own funds to a trust or the beneficiaries if the court finds that the trustee did not act reasonably and in good faith. Amends the Principal and Income Act to provide for a trustee's power to adjust between principal and income.Senate Committee Amendment No. 1 Deletes reference to:760 ILCS 5/5.3760 ILCS 15/4.5 new760 ILCS 15/4.10 newAdds reference to:760 ILCS 5/1from Ch. 17, par. 1651Deletes everything. Amends the Trusts and Trustees Act. Makes technical changes in a Section concerning the Act's short title. 1/22/2003SenateFiled with Secretary by Sen. John J. Cullerton 1/22/2003SenateFirst Reading 1/22/2003SenateReferred to Rules 2/19/2003SenateAssigned to Judiciary 2/27/2003SenatePostponed - Judiciary 3/5/2003SenatePostponed - Judiciary 3/10/2003SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. John J. Cullerton 3/10/2003SenateSenate Committee Amendment No. 1 Referred to Rules 3/11/2003SenateSenate Committee Amendment No. 1 Rules Refers to Judiciary 3/11/2003SenateSenate Committee Amendment No. 1 Adopted 3/13/2003SenateDo Pass as Amended Judiciary; 010-000-000 3/13/2003SenatePlaced on Calendar Order of 2nd Reading March 18, 2003 4/4/2003SenateThird Reading Deadline Extended - Rule 2-10(e) to April 9, 2003. 7/1/2003SenatePursuant to Senate Rule 3-9(b) / Referred to Rules 1/11/2005SenateSession Sine Die