Fabio
8.1 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | ||||
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| Bill | TRUSTS-VIRTUAL REPRESENTATION | Amends the Trusts and Trustees Act. Provides that a trust may be converted to a total return trust by an agreement of the trustee and all primary beneficiaries or all beneficiaries receiving income or principal and presumptive trust remaindermen (instead of all primary beneficiaries under the applicable virtual representation provisions of the Act). Provides that if there is no conflict of interest, a represented person, including a primary beneficiary or presumptive remainder beneficiary, and a minor, disabled, or unborn or unknown persons may be represented and bound by a party with a substantially identical interest. Provides that a total return trust conversion may be made between the trustee and all primary beneficiaries or other beneficiaries and presumptive remaindermen. Provides that a trust that provides a beneficial interest to a charity or charitable purpose not specifically named in the trust shall be known as a charitable interest and the Attorney General may represent and act on behalf of the charitable interest as to any dispute, including a nonjudicial settlement or a total return trust conversion. Provides that a nonjudicial settlement agreement between a trustee and all interested parties whose consent or joinder would be required for court approval is valid as to the matters of a trustee's appointment, compensation, liability, or indemnification (instead of if all primary beneficiaries of a trust are adults any written agreement, other than a trust termination agreement, construing trust provisions regarding the trustee, between a trustee and all of the primary beneficiaries of a trust shall be final and binding on the trustee and all beneficiaries of the trust, both current and future, as if ordered by a court). These provisions apply to all existing and future trusts, court proceedings, and agreements entered into under this Section on or after the effective date (instead of these provisions apply to all existing and future trusts, but only as to agreements made on or after the effective date). Includes other provisions. | us/states/il | Illinois General Assembly | 96th | SB 188 | Illinois SB 188 (96th) |
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enacted | 3 | 31 | 2 | 2009-02-03 | 2009-08-14 | openstates | ocd-bill/45334011-6049-458b-9a64-b8708c577db5 | http://ilga.gov/legislation/BillStatus.asp?DocNum=188&GAID=10&DocTypeID=SB&LegId=40662&SessionID=76&GA=96 | bcdef197f35470a1b5ca432dc93289e20b0db27d2511ac91a419718f3256f9f3 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Illinois SB 188 (96th) — TRUSTS-VIRTUAL REPRESENTATION
Amends the Trusts and Trustees Act. Provides that a trust may be converted to a total return trust by an agreement of the trustee and all primary beneficiaries or all beneficiaries receiving income or principal and presumptive trust remaindermen (instead of all primary beneficiaries under the applicable virtual representation provisions of the Act). Provides that if there is no conflict of interest, a represented person, including a primary beneficiary or presumptive remainder beneficiary, and a minor, disabled, or unborn or unknown persons may be represented and bound by a party with a substantially identical interest. Provides that a total return trust conversion may be made between the trustee and all primary beneficiaries or other beneficiaries and presumptive remaindermen. Provides that a trust that provides a beneficial interest to a charity or charitable purpose not specifically named in the trust shall be known as a charitable interest and the Attorney General may represent and act on behalf of the charitable interest as to any dispute, including a nonjudicial settlement or a total return trust conversion. Provides that a nonjudicial settlement agreement between a trustee and all interested parties whose consent or joinder would be required for court approval is valid as to the matters of a trustee's appointment, compensation, liability, or indemnification (instead of if all primary beneficiaries of a trust are adults any written agreement, other than a trust termination agreement, construing trust provisions regarding the trustee, between a trustee and all of the primary beneficiaries of a trust shall be final and binding on the trustee and all beneficiaries of the trust, both current and future, as if ordered by a court). These provisions apply to all existing and future trusts, court proceedings, and agreements entered into under this Section on or after the effective date (instead of these provisions apply to all existing and future trusts, but only as to agreements made on or after the effective date). Includes other provisions.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Votes
- Third Reading — 115–0 (pass) · lower
- Third Reading — 59–0 (pass) · upper
Sponsors
- Kirk W. Dillard — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2009-02-03 Filed with Secretary by Sen. Kirk W. Dillard
filing - 2009-02-03 First Reading
reading-1 - 2009-02-03 Referred to Assignments
referral-committee - 2009-02-10 Assigned to Judiciary
referral-committee - 2009-02-19 Postponed - Judiciary
- 2009-02-23 Senate Committee Amendment No. 1 Filed with Secretary by Sen. Kirk W. Dillard
amendment-introduction - 2009-02-23 Senate Committee Amendment No. 1 Referred to Assignments
referral-committee - 2009-02-25 Senate Committee Amendment No. 1 Assignments Refers to Judiciary
- 2009-02-25 Senate Committee Amendment No. 1 Adopted
amendment-passage - 2009-02-25 Do Pass as Amended Judiciary; 011-000-000
committee-passage - 2009-02-25 Placed on Calendar Order of 2nd Reading February 26, 2009
- 2009-02-27 Second Reading
reading-2 - 2009-02-27 Placed on Calendar Order of 3rd Reading March 4, 2009
- 2009-03-25 Third Reading - Passed; 059-000-000
reading-3, passage - 2009-03-25 Arrived in House
introduction - 2009-03-25 Placed on Calendar Order of First Reading
reading-1 - 2009-03-25 Chief House Sponsor Rep. Mark H. Beaubien, Jr.
- 2009-03-25 First Reading
reading-1 - 2009-03-25 Referred to Rules Committee
referral-committee - 2009-04-14 Assigned to Executive Committee
referral-committee - 2009-05-08 Committee/Final Action Deadline Extended-9(b) May 22, 2009
- 2009-05-14 Do Pass / Short Debate Executive Committee; 011-000-000
committee-passage - 2009-05-14 Placed on Calendar 2nd Reading - Short Debate
- 2009-05-18 Second Reading - Short Debate
reading-2 - 2009-05-18 Placed on Calendar Order of 3rd Reading - Short Debate
- 2009-05-19 Third Reading - Short Debate - Passed 115-000-000
reading-3, passage - 2009-05-19 Passed Both Houses
- 2009-06-17 Sent to the Governor
executive-receipt - 2009-08-14 Governor Approved
executive-signature - 2009-08-14 Effective Date January 1, 2010
- 2009-08-14 Public Act . . . . . . . . . 96-0479
became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/45334011-6049-458b-9a64-b8708c577db5. Confidence: reported (aggregated from official Illinois legislature records).