Bill Amendment: IL SB1464 | 2019-2020 | 101st General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

---

Bill Title: RUUPA-PREPAID BURIAL FUNDS

Status: 2019-08-23 - Public Act . . . . . . . . . 101-0552 [SB1464 Detail]

Download: Illinois-2019-SB1464-House_Amendment_001.html

---

Rep. Robert Martwick

Filed: 5/17/2019

10100SB1464ham001 LRB101 09433 LNS 60712 a
AMENDMENT TO SENATE BILL 1464
AMENDMENT NO. ______. Amend Senate Bill 1464 on page 5,
immediately below line 10, by inserting the following:
"(9.5) funds on deposit or held in trust pursuant to
Section 16 of the Pre-Need Cemetery Sales Act attributable
to undelivered cemetery merchandise and unperformed
cemetery services, including undistributed interest earned
thereon, 2 years after the earlier of:
(A) the later of:
(i) the date the seller in the ordinary course
of its business receives notice or an indication of
the death of the beneficiary; or
(ii) 10 years after the death of the
beneficiary if the beneficiary is cremated and the
purchaser or the heir or assign, or a duly
authorized representative of the purchaser or the
beneficiary, has not indicated an interest in the
trust funds;

10100SB1464ham001 - 2 - LRB101 09433 LNS 60712 a
(B) the date the beneficiary has attained, or would
have attained if living, the age of 105 if both the
trustee and the seller do not know whether the
beneficiary is deceased; or
(C) 50 years after the pre-need contract was
executed, unless the purchaser or the heir or assign,
or a duly authorized representative of the purchaser or
the beneficiary, has indicated an interest in the
property more than 50 years after the pre-need contract
was executed, in which case, 3 years after the last
indication of interest by the purchaser or the heir or
assign, or a duly authorized representative of the
purchaser or the beneficiary;"; and
on page 9, immediately below line 16, by inserting the
following:
"Section 99. Effective date. This Act takes effect upon
becoming law.".