Sign Up
HB 4697 Illinois House · 99th Regular Session

LAND TRUST BENEFICIARY RIGHTS

Summary
Creates the Land Trust Beneficiary Rights Act. Provides that if the identity of the trustee of a land trust has been changed by virtue of sale, assignment, appointment, or otherwise, but the beneficial owner or owners of the land trust remain unchanged, the rights of the beneficial owner or owners shall in no way be impaired by the change of trustees. Provides that a change of trustees pursuant to a sale, acquisition, or appointment governed by the Corporate Fiduciaries Act is not a bar or defense to any pending court action filed by or in the name of either the previous trustee or the new trustee, irrespective of whether the court action was originally filed in a representative capacity on behalf of the beneficial owner or owners.
Bill status signed all 5 stages cleared
Introduction
Apr 2016
Committee Review
May 2016
House Passage
May 2016
Senate Passage
May 2016
Signed into Law
Jul 2016
Introduced Apr 19, 2016 Signed Jul 22, 2016
Floor votes · Senate May 24, 2016 · House Apr 18, 2016

How they voted

41–0
Passed · 5 other
Total votes 46
May 24, 2016
D Democratic28
25 Yea 3
89% Yea
R Republican18
16 Yea 2
88% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
32
Key actions
7
Committee
8
Amendments
2
Jul 22, 2016
Signed into law
Governor Approved
lower
May 24, 2016
Lower · Passed
Passed Both Houses
lower
May 4, 2016
Upper · Passed
Do Pass Judiciary; 010-000-000
upper
Apr 27, 2016
Committee
Assigned to Judiciary
upper
Apr 19, 2016
Committee
Referred to Assignments
upper
Apr 19, 2016
Introduced
Arrive in Senate
upper
Apr 18, 2016
House · Passed
House Vote: pass (93-0-5)
house
Apr 5, 2016
Lower · Passed
Do Pass as Amended / Short Debate Judiciary - Civil Committee; 011-000-000
lower
Apr 5, 2016
Lower · Passed
House Committee Amendment No. 1 Adopted in Judiciary - Civil Committee; by Voice Vote
lower
Apr 4, 2016
Lower · Passed
House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee
lower
Mar 24, 2016
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Mar 24, 2016
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Elaine Nekritz
lower
Feb 23, 2016
Committee
Assigned to Judiciary - Civil Committee
lower
Feb 5, 2016
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.