Illinois Senate Bill 1294 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Amended) [HTML]

Amends the Trusts and Trustees Act. Adds provisions authorizing an investment trust advisor, distribution trust advisor, and trust protector to be designated in the governing instrument of a trust. Adds provisions concerning the powers of an authorized trustee who has the absolute discretion to invade the principal of a trust. Adds provisions authorizing establishment of a Domestic Asset Protection Trust. Adds provisions concerning the modification or termination of an irrevocable trust. Contains provisions concerning definitions, conditions and requirements, applicability, and other matters. Effective immediately.

TRUST-INVESTMENT TRUST ADVISOR

Sen. Kirk Dillard [R]

Rep. Mark Beaubien [R]

2011-04-13 - Senate - Third Reading in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2013-01-08	Senate	Session Sine Die
2011-05-31	House	Rule 19(a) / Re-referred to Rules Committee
2011-05-27	House	Final Action Deadline Extended-9(b) May 31, 2011
2011-05-20	House	Final Action Deadline Extended-9(b) May 27, 2011
2011-05-13	House	Committee Deadline Extended-Rule 9(b) May 20, 2011
2011-04-21	House	Assigned to Executive Committee
2011-04-14	House	Referred to Rules Committee
2011-04-14	House	Chief House Sponsor Rep. Mark H. Beaubien, Jr.
2011-04-14	House	Placed on Calendar Order of First Reading
2011-04-13	House	Arrived in House
2011-04-13	Senate	Senate Committee Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
2011-04-13	Senate	Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
2011-04-13	Senate	Third Reading - Passed; 058-000-000
2011-03-31	Senate	Placed on Calendar Order of 3rd Reading April 6, 2011
2011-03-31	Senate	Senate Floor Amendment No. 3 Adopted; Dillard
2011-03-31	Senate	Recalled to Second Reading
2011-03-29	Senate	Senate Floor Amendment No. 3 Recommend Do Adopt Judiciary; 006-000-000
2011-03-29	Senate	Placed on Calendar Order of 3rd Reading March 30, 2011
2011-03-29	Senate	Second Reading
2011-03-29	Senate	Senate Floor Amendment No. 3 Assignments Refers to Judiciary
2011-03-22	Senate	Senate Floor Amendment No. 3 Referred to Assignments
2011-03-22	Senate	Senate Floor Amendment No. 3 Filed with Secretary by Sen. Kirk W. Dillard
2011-03-18	Senate	Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
2011-03-15	Senate	Placed on Calendar Order of 2nd Reading March 16, 2011
2011-03-15	Senate	Do Pass Judiciary; 009-000-000
2011-03-15	Senate	Senate Committee Amendment No. 1 Postponed - Judiciary
2011-03-14	Senate	Senate Committee Amendment No. 1 Assignments Refers to Judiciary
2011-03-14	Senate	Senate Committee Amendment No. 2 Referred to Assignments
2011-03-14	Senate	Senate Committee Amendment No. 2 Filed with Secretary by Sen. Kirk W. Dillard
2011-03-10	Senate	Postponed - Judiciary
2011-03-09	Senate	Senate Committee Amendment No. 1 Referred to Assignments
2011-03-09	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Kirk W. Dillard
2011-03-02	Senate	Assigned to Judiciary
2011-02-08	Senate	Referred to Assignments
2011-02-08	Senate	First Reading
2011-02-08	Senate	Filed with Secretary by Sen. Kirk W. Dillard

Chapter	Article	Section	Citation Type	Statute Text
760	5	16.3	New Code	See Bill Text
760	5	16.4	New Code	See Bill Text
760	5	16.5	New Code	See Bill Text
760	5	16.6	New Code	See Bill Text
760	5	16.7	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1294&GAID=11&DocTypeID=SB&SessionID=84&GA=97
Text	https://www.ilga.gov/legislation/97/SB/09700SB1294.htm
Text	https://www.ilga.gov/legislation/97/SB/09700SB1294eng.htm
Text	https://www.ilga.gov/legislation/97/SB/09700SB1294sam003.htm
Text	https://www.ilga.gov/legislation/97/SB/09700SB1294sam001.htm
Text	https://www.ilga.gov/legislation/97/SB/09700SB1294sam002.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/97/senate/09700SB1294_04132011_024000T.pdf