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<xml>
<title>Illinois General Assembly - Bill Status for HB 4664   </title>
<shortdesc>TRUSTS-VIRTUAL REPRESENTATION</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Emily McAsey</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>760 ILCS 5/5.3</reference><aliasreference></aliasreference><reference>760 ILCS 5/16.1</reference><aliasreference></aliasreference><SynopsisText>     Amends the Trust and Trustees Act. Defines terms. Provides that an "unascertainable beneficiary" may be represented by and bound by another beneficiary having a substantially similar (instead of a substantially identical) interest on a particular question or dispute. Provides that if a trust beneficiary is an unrepresented minor, disabled, or unborn person, a parent of the beneficiary may represent and bind the beneficiary, provided that there is no material conflict of interest between the minor or disabled person and either of that person's parents on that particular question or dispute. Further provides that this representative may on a particular question or dispute represent and bind an unborn beneficiary or an unascertainable beneficiary who has an interest that is substantially similar to the interest of the minor or disabled person, but only if there is no material conflict of interest between the minor or the disabled person and the unborn or the unascertainable person. Makes other corresponding changes. Provides that conversion of a trust to a total return trust may be made with a trustee and all primary beneficiaries (instead of with a trustee and all beneficiaries and presumptive remaindermen beneficiaries) in accordance with other provisions of the Act. Provides that changes made apply to all trusts in existence on the effective date and to all trusts created after that date.</SynopsisText></synopsis>
<actions>
<statusdate>2/1/2012</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Emily McAsey</action>
<statusdate>2/3/2012</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/3/2012</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/7/2012</statusdate><chamber>House</chamber><action>Assigned to Judiciary I - Civil Law Committee</action>
<statusdate>2/29/2012</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Judiciary I - Civil Law Committee;  011-000-000</action>
<statusdate>3/1/2012</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>3/9/2012</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>3/9/2012</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>3/26/2012</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Filed with Clerk by Rep. Emily McAsey</action>
<statusdate>3/26/2012</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/28/2012</statusdate><chamber>House</chamber><action>House Floor Amendment No. 1 Recommends Be Adopted Rules Committee;  004-000-000</action>
<statusdate>3/30/2012</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

