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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
SB2309 Introduced 1/17/2018, by Sen. John G. Mulroe SYNOPSIS AS INTRODUCED:
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Amends the Trusts and Trustees Act. Deletes language requiring that a conveyance of real property to a trust include evidence of acceptance by the trustee.
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| | A BILL FOR |
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| | SB2309 | | LRB100 17186 HEP 32342 b |
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| 1 | | AN ACT concerning civil law.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Trusts and Trustees Act is amended by |
| 5 | | changing Section 6.5 as follows:
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| 6 | | (760 ILCS 5/6.5) |
| 7 | | Sec. 6.5. Transfer of property to trust. |
| 8 | | (a) The transfer of real property to a trust requires a |
| 9 | | transfer of legal title to the trustee evidenced by a written |
| 10 | | instrument of conveyance and acceptance by the trustee. |
| 11 | | (b) If the transferor is a trustee of the trust, an |
| 12 | | interest in real property does not become trust property unless |
| 13 | | the instrument of conveyance is recorded in the office of the |
| 14 | | recorder of the county in which the property is located.
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| 15 | | (Source: P.A. 99-743, eff. 1-1-17.)
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