HB 5312 Illinois House · 98th Regular Session

CEMETERIES-TOTAL RETURN TRUSTS

Summary
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.
Bill status failed 1 of 4 stages cleared
Introduction
Feb 2014
Committee Review
Floor Vote
Governor
Introduced Feb 7, 2014 Last action Dec 3, 2014
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Full legislative history

Actions timeline

Total actions
4
Key actions
0
Committee
1
Dec 3, 2014
House · Failed
Session Sine Die
Feb 7, 2014
House · Referred to committee
Referred to Rules Committee
0 primary · 0 co-sponsors

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