LAND TRUST BENEFICIARY RIGHTS House SponsorsRep. Ann M. Williams-André Thapedi Senate Sponsors(Sen. Michael E. Hastings) 7/22/2016HousePublic Act . . . . . . . . . 99-0609 New Act 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.House Committee Amendment No. 1 Adds a statement of legislative findings. Replaces everything after the enacting clause with the provisions of the introduced bill and makes the following change: provides that a change of trustee pursuant to a sale, acquisition, or appointment governed by the Corporate Fiduciary Act is not a bar or defense to any court action (instead of "pending court action") filed by or in the name of either the previous trustee, irrespective of whether the court action was originally filed in a representative capacity on behalf of the beneficial owner or owners. 2/5/2016HouseFiled with the Clerk by Rep. Elaine Nekritz 2/5/2016HouseFirst Reading 2/5/2016HouseReferred to Rules Committee 2/23/2016HouseAssigned to Judiciary - Civil Committee 3/24/2016HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Elaine Nekritz 3/24/2016HouseHouse Committee Amendment No. 1 Referred to Rules Committee 4/4/2016HouseHouse Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee 4/5/2016HouseHouse Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote 4/5/2016HouseDo Pass as Amended / Short Debate Judiciary - Civil Committee; 011-000-000 4/5/2016HousePlaced on Calendar 2nd Reading - Short Debate 4/5/2016HouseAdded Chief Co-Sponsor Rep. André Thapedi 4/7/2016HouseSecond Reading - Short Debate 4/7/2016HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/14/2016HouseChief Sponsor Changed to Rep. Ann M. Williams 4/18/2016HouseThird Reading - Short Debate - Passed 111-000-000 4/19/2016SenateArrive in Senate 4/19/2016SenatePlaced on Calendar Order of First Reading April 20, 2016 4/19/2016SenateChief Senate Sponsor Sen. Michael E. Hastings 4/19/2016SenateFirst Reading 4/19/2016SenateReferred to Assignments 4/27/2016SenateAssigned to Judiciary 5/4/2016SenateDo Pass Judiciary; 010-000-000 5/4/2016SenatePlaced on Calendar Order of 2nd Reading May 5, 2016 5/10/2016SenateSecond Reading 5/10/2016SenatePlaced on Calendar Order of 3rd Reading May 11, 2016 5/24/2016SenateThird Reading - Passed; 053-000-000 5/24/2016HousePassed Both Houses 6/13/2016HouseSent to the Governor 7/22/2016HouseGovernor Approved 7/22/2016HouseEffective Date January 1, 2017 7/22/2016HousePublic Act . . . . . . . . . 99-0609