Synopsis of Bill as introduced:
Amends the "compensation of public administrator" and "powers and
duties of public administrator" Sections of the Probate Act of 1975.
Limits the administrator's fees and attorney's expenses in counties of
1,000,000 or fewer inhabitants to 5% of the gross value of the estate.
Provides that the court may except other reasonable and necessary
expenses from the limitation for good cause shown. Requires an annual
accounting of the administrator's income and expenses to be filed on
or before December 31 of each year with the clerk of the circuit court
in the county with jurisdiction and with the office of the State
Comptroller. Limits property sales by public administrators to public
sealed bid auctions.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status