TRUSTEES ACT-SMALL TRUST House SponsorsRep. Randall M. Hultgren 1/9/2007HouseSession Sine Die 760 ILCS 5/4from Ch. 17, par. 1654760 ILCS 5/4.26 new Amends the Trusts and Trustees Act. Permits a trustee to terminate a trust if it has a market value of less than $100,000 and the costs of continuing the trust will substantially impair the purpose of the trust. Outlines how distribution shall be made. Provides that a trustee who is an income beneficiary may not participate as a trustee in the exercise of termination power. Effective immediately. 2/8/2005HouseFiled with the Clerk by Rep. Randall M. Hultgren 2/8/2005HouseFirst Reading 2/8/2005HouseReferred to Rules Committee 2/10/2005HouseAssigned to Judiciary I - Civil Law Committee 2/16/2005HouseRe-assigned to Executive Committee 3/10/2005HouseRule 19(a) / Re-referred to Rules Committee 1/9/2007HouseSession Sine Die