Date	Chamber	Action
9/11/2007	Senate	Public Act . . . . . . . . . 95-0605

Statutes Amended In Order of Appearance

760 ILCS 5/4

from Ch. 17, par. 1654

760 ILCS 5/4.26 new

Synopsis As Introduced
Amends the Trusts and Trustees Act. Permits a trustee to terminate a trust if it has a market value of less than $100,000 and the costs of continuing the trust will substantially impair the purpose of the trust. Outlines how distribution shall be made. Provides that a trustee who is an income beneficiary may not participate as a trustee in the exercise of termination power. Provides that the trustee shall give notice to the persons entitled to distribution at least 30 days prior to the effective date of the termination of the trust. Provides that the provisions of the Section concerning small trust termination shall not apply to trusts for domestic or pet animals.

House Amendment No. 1
Replaces everything after the enacting clause with provisions substantially similar to the bill as introduced except that the power that a trustee has to terminate the trust and distribute the trust estate is in the trustee's sole discretion with the consent of the recipients (instead of in the trustee's sole discretion).

Actions 

Date	Chamber	Action
2/8/2007	Senate	Filed with Secretary by Sen. Kirk W. Dillard
2/8/2007	Senate	First Reading
2/8/2007	Senate	Referred to Rules
2/21/2007	Senate	Assigned to Judiciary Civil Law
3/1/2007	Senate	Do Pass Judiciary Civil Law; 010-000-000
3/1/2007	Senate	Placed on Calendar Order of 2nd Reading March 2, 2007
3/2/2007	Senate	Second Reading
3/2/2007	Senate	Placed on Calendar Order of 3rd Reading March 6, 2007
3/29/2007	Senate	Third Reading - Passed; 057-000-000
3/30/2007	House	Arrived in House
3/30/2007	House	Placed on Calendar Order of First Reading
4/16/2007	House	Chief House Sponsor Rep. Mark H. Beaubien, Jr.
4/16/2007	House	First Reading
4/16/2007	House	Referred to Rules Committee
4/30/2007	House	Assigned to Executive Committee
5/18/2007	House	Committee Deadline Extended-Rule 9(b) May 25, 2007
5/25/2007	House	Final Action Deadline Extended-9(b) May 31, 2007
5/30/2007	House	House Amendment No. 1 Filed with Clerk by Executive Committee
5/30/2007	House	House Amendment No. 1 Adopted in Executive Committee; by Voice Vote
5/30/2007	House	Do Pass as Amended / Short Debate Executive Committee; 013-000-000
5/30/2007	House	Placed on Calendar 2nd Reading - Short Debate
5/30/2007	House	Second Reading - Short Debate
5/30/2007	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/31/2007	House	Third Reading - Short Debate - Passed 115-000-000
5/31/2007	Senate	Secretary's Desk - Concurrence House Amendment(s) 01
5/31/2007	Senate	Placed on Calendar Order of Concurrence House Amendment(s) 01 - June 1, 2007
6/5/2007	Senate	House Amendment No. 1 Motion to Concur Filed with Secretary Sen. Kirk W. Dillard
6/5/2007	Senate	House Amendment No. 1 Motion to Concur Referred to Rules
6/6/2007	Senate	House Amendment No. 1 Motion to Concur Rules Referred to Judiciary Civil Law
6/7/2007	Senate	House Amendment No. 1 Motion To Concur Recommended Do Adopt Judiciary Civil Law; 007-000-000
6/14/2007	Senate	House Amendment No. 1 Senate Concurs 052-000-000
6/14/2007	Senate	Passed Both Houses
7/13/2007	Senate	Sent to the Governor
9/11/2007	Senate	Governor Approved
9/11/2007	Senate	Effective Date June 1, 2008
9/11/2007	Senate	Public Act . . . . . . . . . 95-0605

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