Illinois General Assembly - Bill Status for HB4908

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Bill Status of HB4908 94th General Assembly

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Short Description: PWR ATTY PROP-POD BANK ACCT

House Sponsors
Rep. Elaine Nekritz

Last Action

Date	Chamber	Action
1/9/2007	House	Session Sine Die

Statutes Amended In Order of Appearance

755 ILCS 45/3-4

from Ch. 110 1/2, par. 803-4

Synopsis As Introduced
Amends the Illinois Power of Attorney Act. Provides that the Section that explains the powers granted in the statutory short form power of attorney for property is expanded so that the financial transaction subsection states that an agent may open, close, or control a Totten Trust, a Payable on Death Account, or a similar arrangement with a financial institution, but the agent's authority does not include any powers over accounts titled in the name of a trust pursuant to the Trust and Trustees Act, unless specifically authorized by a person's power of attorney for property. Effective immediately.

Actions

Date	Chamber	Action
1/19/2006	House	Filed with the Clerk by Rep. Elaine Nekritz
1/19/2006	House	First Reading
1/19/2006	House	Referred to Rules Committee
1/9/2007	House	Session Sine Die

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