Illinois General Assembly - Bill Status for HB5312

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

Date	Chamber	Action
2/7/2014	House	Filed with the Clerk by Rep. Michael Unes
2/7/2014	House	First Reading
2/7/2014	House	Referred to Rules Committee
12/3/2014	House	Session Sine Die

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