Illinois General Assembly - Bill Status for SB2842
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 Bill Status of SB2842  99th General Assembly

Short Description:  TRUST PROPERTY-TITLE;RECORDING

Senate Sponsors
Sen. Ira I. Silverstein

House Sponsors
(Rep. Lou Lang)

Last Action
DateChamber Action
  8/5/2016SenatePublic Act . . . . . . . . . 99-0743

Statutes Amended In Order of Appearance
760 ILCS 5/6.5 new


Synopsis As Introduced
Amends the Trusts and Trustees Act. Provides that the transfer of property to a trust requires a transfer of legal title to the trustee evidenced by a written instrument of conveyance and acceptance by the trustee. Provides that for any interest in real property to become trust property in a trust of which any transferor is a trustee, the instrument of conveyance shall additionally be recorded in the appropriate real property records.

Senate Committee Amendment No. 1
Specifies that the provisions apply to the transfer of real property (instead of "the transfer of property").

Actions 
DateChamber Action
  2/17/2016SenateFiled with Secretary by Sen. Ira I. Silverstein
  2/17/2016SenateFirst Reading
  2/17/2016SenateReferred to Assignments
  3/2/2016SenateAssigned to Judiciary
  3/9/2016SenatePostponed - Judiciary
  3/16/2016SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Ira I. Silverstein
  3/16/2016SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/16/2016SenatePostponed - Judiciary
  3/30/2016SenateSenate Committee Amendment No. 1 Re-referred to Judiciary
  4/5/2016SenateSenate Committee Amendment No. 1 Adopted
  4/6/2016SenateDo Pass as Amended Judiciary; 010-001-000
  4/6/2016SenatePlaced on Calendar Order of 2nd Reading April 7, 2016
  4/14/2016SenateSecond Reading
  4/14/2016SenatePlaced on Calendar Order of 3rd Reading April 18, 2016
  4/21/2016SenateThird Reading - Passed; 054-001-000
  4/22/2016HouseArrived in House
  5/5/2016HouseChief House Sponsor Rep. Lou Lang
  5/5/2016HouseFirst Reading
  5/5/2016HouseReferred to Rules Committee
  5/9/2016HouseAssigned to Judiciary - Civil Committee
  5/13/2016HouseFinal Action Deadline Extended-9(b) May 27, 2016
  5/24/2016HouseDo Pass / Short Debate Judiciary - Civil Committee; 008-000-000
  5/25/2016HousePlaced on Calendar 2nd Reading - Short Debate
  5/25/2016HouseSecond Reading - Short Debate
  5/25/2016HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/27/2016HouseThird Reading - Short Debate - Passed 108-000-001
  5/27/2016SenatePassed Both Houses
  6/27/2016SenateSent to the Governor
  8/5/2016SenateGovernor Approved
  8/5/2016SenateEffective Date January 1, 2017
  8/5/2016SenatePublic Act . . . . . . . . . 99-0743

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