90th General Assembly
Status of HB3471
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 Full Text  Bill Summary

   765 ILCS 1005/1d new                                                        
   765 ILCS 1005/2.2 new                                                       

        Amends the Joint  Tenancy  Act.   Provides  that  a  real  estate      
   mortgage (or a security interest under the Uniform Commercial Code) on      
   or against the interest of a joint tenant does not defeat the right of      
   survivorship  if  the  joint tenant dies.  Provides that the surviving      
   joint tenants take the interest that the deceased joint  tenant  could      
   have  transferred  before  death, subject to the mortgage (or security      
   interest).  Applies to interests of joint tenants who die on or  after      
   the effective date of this amendatory Act.  Effective immediately.          
   98-02-17  H  FILED WITH CLERK                                               
   98-02-17  H  FIRST READING                                                  
   98-02-17  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   98-03-11  H       ASSIGNED TO COMMITTEE               JUD-CIVIL LAW         
   98-03-20  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   99-01-12  H  SESSION SINE DIE                                               


 Full Text  Bill Summary