92nd General Assembly
Status of SB2178
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 Full Text  Bill Summary

   760 ILCS 15/3             from Ch. 30, par. 503                             

        Amends  the  Principal  and  Income  Act.  Provides  that,  under      
   specified circumstances, a trust is administered with  due  regard  to      
   the respective interests of income beneficiaries and remaindermen if a      
   receipt is credited or an expense is charged to income or principal or      
   partly  to  each  in  accordance  with  what  the  trustee believes is      
   reasonable and equitable (rather  than  in  accordance  with  what  is      
   reasonable  and  equitable) in view of the interests of those entitled      
   to  income  as  well  as  those  entitled  to   principal.   Effective      
   FEB-07-2002  S  FIRST READING                                                  
   FEB-07-2002  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   JAN-07-2003  S  SESSION SINE DIE                                               


 Full Text  Bill Summary