Bill Status of HB 5312   98th General Assembly


Short Description:  CEMETERIES-TOTAL RETURN TRUSTS

House Sponsors
Rep. Michael Unes

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
760 ILCS 100/3from Ch. 21, par. 64.3
760 ILCS 100/4from Ch. 21, par. 64.4
760 ILCS 100/5from Ch. 21, par. 64.5
760 ILCS 100/12from Ch. 21, par. 64.12

Synopsis As Introduced
Amends the Cemetery Care Act. Provides that a trustee of a nonprofit cemetery may convert a trust fund established under the Act to a total return trust in accordance with provisions of the Trusts and Trustees Act pertaining to total return trusts, provided that the distribution percentage of the total return trust does not exceed 5% of the trust. Makes corresponding changes throughout the Act. Effective immediately.

Actions 
DateChamber Action
  2/7/2014HouseFiled with the Clerk by Rep. Michael Unes
  2/7/2014HouseFirst Reading
  2/7/2014HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die

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