Date	Chamber	Action
6/26/2006	Senate	Public Act . . . . . . . . . 94-0938

Statutes Amended In Order of Appearance

755 ILCS 45/3-4

from Ch. 110 1/2, par. 803-4

Synopsis As Introduced
Amends the Illinois Power of Attorney Act. Provides that the Section that explains the powers granted in the statutory short form power of attorney for property is expanded so that the financial transaction subsection states that an agent may open, close, or control a Totten Trust, a Payable on Death Account, or a similar arrangement with a financial institution, but the agent's authority does not include any powers over accounts titled in the name of a trust pursuant to the Trust and Trustees Act, unless specifically authorized by a person's power of attorney for property. Effective immediately.

Senate Committee Amendment No. 1

	Adds reference to:
	755 ILCS 45/2-9	from Ch. 110 1/2, par. 802-9

Further amends the Illinois Power of Attorney Act. Provides for an exception for Totten Trusts, Payable on Death Accounts, or similar accounts to the existing prohibition against an agent revoking or amending any trust for the benefit of the principal in order to pay income or principal to the agent, without specific authority to do so.

Senate Floor Amendment No. 2
Deletes everything after the enacting clause. Amends the Illinois Power of Attorney Act. Provides that the Section that explains the powers granted in the statutory short form power of attorney for property is expanded so that the financial transaction subsection states that an agent may open, close, or control a Totten Trust, a Payable on Death Account, or a similar arrangement with a financial institution, but the agent's authority does not include any powers over accounts titled in the name of a trust pursuant to the Trust and Trustees Act, unless specifically authorized by a person's power of attorney for property. Provides for an exception for Totten Trusts, Payable on Death Accounts, or similar accounts to the existing prohibition against an agent revoking or amending any trust for the benefit of the principal in order to pay income or principal to the agent, without specific authority to do so.

Actions 

Date	Chamber	Action
1/20/2006	Senate	Filed with Secretary by Sen. Ira I. Silverstein
1/20/2006	Senate	First Reading
1/20/2006	Senate	Referred to Rules
2/1/2006	Senate	Assigned to Judiciary
2/8/2006	Senate	Held in Judiciary
2/8/2006	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ira I. Silverstein
2/8/2006	Senate	Senate Committee Amendment No. 1 Referred to Rules
2/14/2006	Senate	Senate Committee Amendment No. 1 Rules Refers to Judiciary
2/14/2006	Senate	Senate Committee Amendment No. 1 Adopted
2/15/2006	Senate	Do Pass as Amended Judiciary; 010-000-000
2/15/2006	Senate	Placed on Calendar Order of 2nd Reading February 16, 2006
2/28/2006	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. Ira I. Silverstein
2/28/2006	Senate	Senate Floor Amendment No. 2 Referred to Rules
2/28/2006	Senate	Senate Floor Amendment No. 2 Rules Refers to Judiciary
3/1/2006	Senate	Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 008-000-000
3/1/2006	Senate	Second Reading
3/1/2006	Senate	Senate Floor Amendment No. 2 Adopted; Silverstein
3/1/2006	Senate	Placed on Calendar Order of 3rd Reading March 2, 2006
3/2/2006	Senate	Third Reading - Passed; 058-000-000
3/2/2006	House	Arrived in House
3/2/2006	House	Placed on Calendar Order of First Reading
3/2/2006	House	Chief House Sponsor Rep. Elaine Nekritz
3/2/2006	House	First Reading
3/2/2006	House	Referred to Rules Committee
3/8/2006	House	Assigned to Judiciary I - Civil Law Committee
3/23/2006	House	Do Pass / Short Debate Judiciary I - Civil Law Committee; 014-000-000
3/24/2006	House	Placed on Calendar 2nd Reading - Short Debate
3/28/2006	House	Second Reading - Short Debate
3/28/2006	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/29/2006	House	Third Reading - Short Debate - Passed 114-000-000
3/29/2006	Senate	Passed Both Houses
4/27/2006	Senate	Sent to the Governor
6/26/2006	Senate	Governor Approved
6/26/2006	Senate	Effective Date January 1, 2007
6/26/2006	Senate	Public Act . . . . . . . . . 94-0938

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