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: | ||||||
| 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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