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Sen. John G. Mulroe
Filed: 2/22/2018
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| 1 | | AMENDMENT TO SENATE BILL 2309
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 2309 by replacing |
| 3 | | everything after the enacting clause with the following:
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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) (Blank) 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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