Date	Chamber	Action
7/30/2012	Senate	Public Act . . . . . . . . . 97-0868

Statutes Amended In Order of Appearance

755 ILCS 45/2-4

from Ch. 110 1/2, par. 802-4

Synopsis As Introduced
Amends the Illinois Power of Attorney Act. Provides that this Act does not apply to any agreement, other than an Illinois Statutory Short Form Power of Attorney, under which a financial institution is named as an agent for any person. Defines "financial institution". Provides that any agreement or contract of the type described is not a "non-statutory property power" subject to the requirements of being executed by the principal who designates the agent and the agent's powers and whose signature is witnessed and notarized; this provision is a declaration of existing law.

Senate Floor Amendment No. 1

	Adds reference to:
	755 ILCS 45/2-4	from Ch. 110 1/2, par. 802-4

Replaces everything after the enacting clause. Provides that the Illinois Power of Attorney Act does not apply to specified types of agreements or contracts (including, but not limited to, certain proxies, delegations, directives, and authorizations) under which a financial institution is named as an agent for any person if the agreement or contract does not include in its terms a durable power of attorney that survives the incapacity of the principal. Includes a subsection stating that: an agreement or contract of any of the specified types is not a "nonstatutory property power" subject to provisions of the Act pertaining to statutory short form powers of attorney for property; and the subsection is declarative of existing law and applies to all agreements or contracts whenever executed. Effective immediately.

Senate Floor Amendment No. 2

	Adds reference to:
	755 ILCS 45/2-4	from Ch. 110 1/2, par. 802-4

Replaces everything after the enacting clause. Provides that the Illinois Power of Attorney Act does not apply to specified types of agreements or contracts (including, but not limited to, certain proxies, delegations, directives, and authorizations) under which a financial institution is named as an agent for any person if the agreement or contract does not include in its terms a durable power of attorney that survives the incapacity of the principal. Includes a subsection stating that: an agreement or contract of any of the specified types is not a "nonstatutory property power" subject to provisions of the Act pertaining to statutory short form powers of attorney for property; and the subsection is declarative of existing law and applies to all agreements or contracts whenever executed. Effective immediately.

Actions 

Date	Chamber	Action
2/1/2012	Senate	Filed with Secretary by Sen. Kirk W. Dillard
2/1/2012	Senate	Chief Co-Sponsor Sen. Don Harmon
2/1/2012	Senate	First Reading
2/1/2012	Senate	Referred to Assignments
2/7/2012	Senate	Assigned to Judiciary
2/23/2012	Senate	Postponed - Judiciary
2/28/2012	Senate	Do Pass Judiciary; 009-000-000
2/28/2012	Senate	Placed on Calendar Order of 2nd Reading February 29, 2012
3/1/2012	Senate	Second Reading
3/1/2012	Senate	Placed on Calendar Order of 3rd Reading March 6, 2012
3/22/2012	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. Kirk W. Dillard
3/22/2012	Senate	Senate Floor Amendment No. 1 Referred to Assignments
3/26/2012	Senate	Senate Floor Amendment No. 1 Assignments Refers to Judiciary
3/27/2012	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Judiciary; 009-000-000
3/27/2012	Senate	Senate Floor Amendment No. 2 Filed with Secretary by Sen. Kirk W. Dillard
3/27/2012	Senate	Senate Floor Amendment No. 2 Referred to Assignments
3/27/2012	Senate	Senate Floor Amendment No. 2 Assignments Refers to Judiciary
3/28/2012	Senate	Senate Floor Amendment No. 2 Recommend Do Adopt Judiciary; 006-000-000
3/28/2012	Senate	Recalled to Second Reading
3/28/2012	Senate	Senate Floor Amendment No. 1 Adopted; Dillard
3/28/2012	Senate	Senate Floor Amendment No. 2 Adopted; Dillard
3/28/2012	Senate	Placed on Calendar Order of 3rd Reading
3/28/2012	Senate	Third Reading - Passed; 054-000-000
3/29/2012	House	Arrived in House
3/29/2012	House	Chief House Sponsor Rep. Emily McAsey
3/29/2012	House	Placed on Calendar Order of First Reading
3/29/2012	House	First Reading
3/29/2012	House	Referred to Rules Committee
4/30/2012	House	Assigned to Judiciary I - Civil Law Committee
5/4/2012	House	Committee Deadline Extended-Rule 9(b) May 18, 2012
5/8/2012	House	Do Pass / Short Debate Judiciary I - Civil Law Committee; 007-000-000
5/9/2012	House	Placed on Calendar 2nd Reading - Short Debate
5/11/2012	House	Second Reading - Short Debate
5/11/2012	House	Placed on Calendar Order of 3rd Reading - Short Debate
5/15/2012	House	Third Reading - Short Debate - Passed 111-000-002
5/15/2012	Senate	Passed Both Houses
6/13/2012	Senate	Sent to the Governor
7/30/2012	Senate	Governor Approved
7/30/2012	Senate	Effective Date July 30, 2012
7/30/2012	Senate	Public Act . . . . . . . . . 97-0868

Back To Top