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SB 1294 Illinois Senate · 97th Regular Session

TRUST-INVESTMENT TRUST ADVISOR

Summary
Amends the Trusts and Trustees Act. Adds provisions authorizing an investment trust advisor, distribution trust advisor, and trust protector to be designated in the governing instrument of a trust. Adds provisions concerning the powers of an authorized trustee who has the absolute discretion to invade the principal of a trust. Adds provisions authorizing establishment of a Domestic Asset Protection Trust. Adds provisions concerning the modification or termination of an irrevocable trust. Contains provisions concerning definitions, conditions and requirements, applicability, and other matters. Effective immediately.
Bill status failed 3 of 5 stages cleared
Introduction
Apr 2011
Committee Review
May 2011
Senate Passage
Apr 2011
House Passage
Governor
Introduced Apr 13, 2011 Last action Jan 8, 2013
Floor votes · Senate Apr 13, 2011

How they voted

51–0
Passed
Total votes 51
Apr 13, 2011
D Democratic31
31 Yea
100% Yea
R Republican20
20 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
37
Key actions
6
Committee
13
Amendments
8
May 31, 2011
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
May 13, 2011
Lower · Passed
Committee Deadline Extended-Rule 9(b) May 20, 2011
lower
Apr 21, 2011
Committee
Assigned to Executive Committee
lower
Apr 14, 2011
Committee
Referred to Rules Committee
lower
Apr 13, 2011
Introduced
Arrived in House
lower
Apr 13, 2011
Amended
Senate Committee Amendment No. 2 Tabled Pursuant to Rule 5-4(a)
upper
Apr 13, 2011
Amended
Senate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a)
upper
Apr 13, 2011
Senate · Passed
Senate Vote: pass (51-0)
senate
Mar 31, 2011
Upper · Passed
Senate Floor Amendment No. 3 Adopted; Dillard
upper
Mar 29, 2011
Introduced
Senate Floor Amendment No. 3 Recommend Do Adopt Judiciary; 006-000-000
upper
Mar 29, 2011
Introduced
Senate Floor Amendment No. 3 Assignments Refers to Judiciary
upper
Mar 22, 2011
Committee
Senate Floor Amendment No. 3 Referred to Assignments
upper
Mar 22, 2011
Introduced
Senate Floor Amendment No. 3 Filed with Secretary by Sen. Kirk W. Dillard
upper
Mar 18, 2011
Committee
Senate Committee Amendment No. 1 Rule 3-9(a) / Re-referred to Assignments
upper
Mar 15, 2011
Upper · Passed
Do Pass Judiciary; 009-000-000
upper
Mar 15, 2011
Upper · Passed
Senate Committee Amendment No. 1 Postponed - Judiciary
upper
Mar 14, 2011
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Judiciary
upper
Mar 14, 2011
Committee
Senate Committee Amendment No. 2 Referred to Assignments
upper
Mar 14, 2011
Introduced
Senate Committee Amendment No. 2 Filed with Secretary by Sen. Kirk W. Dillard
upper
Mar 9, 2011
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
Mar 9, 2011
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Kirk W. Dillard
upper
Mar 2, 2011
Committee
Assigned to Judiciary
upper
Feb 8, 2011
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.