Bill Status of HB 4320   103rd General Assembly


Short Description:  TRUSTS-MAINTENANCE OF RECORDS

House Sponsors
Rep. Amy Elik

Last Action  View All Actions

DateChamber Action
  1/16/2024HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
760 ILCS 3/810

Synopsis As Introduced
Amends the Duties and Powers of Trustee Article of the Illinois Trust Code. Requires a trustee to maintain trust records for a minimum of 7 years. Requires a trustee in possession of any documentation regarding unclaimed property that may be needed to support an interested person's claim to the property, prior to the destruction of the documentation, to check with the State Treasurer as to whether the State Treasurer is holding any unclaimed property.

Actions 
DateChamber Action
  1/3/2024HouseFiled with the Clerk by Rep. Amy Elik
  1/16/2024HouseFirst Reading
  1/16/2024HouseReferred to Rules Committee

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