<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for SB 2842         </title>
<shortdesc>TRUST PROPERTY-TITLE;RECORDING</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Ira I. Silverstein</sponsors>
<sponsorhead2>House Sponsors</sponsorhead2><altsponsors>(Rep. Lou Lang)</altsponsors>
</sponsor>
<lastaction>
<statusdate>8/5/2016</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 99-0743</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>760 ILCS 5/6.5 new</reference><aliasreference></aliasreference><SynopsisText>Amends the Trusts and Trustees Act. Provides that the transfer of property to a trust requires a transfer of legal title to the trustee evidenced by a written instrument of conveyance and acceptance by the trustee. Provides that for any interest in real property to become trust property in a trust of which any transferor is a trustee, the instrument of conveyance shall additionally be recorded in the appropriate real property records.</SynopsisText><synopsistitle>Senate Committee Amendment No. 1</synopsistitle>
<SynopsisText>Specifies that the provisions apply to the transfer of real property (instead of "the transfer of property").</SynopsisText></synopsis>
<actions>
<statusdate>2/17/2016</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Ira I. Silverstein</action>
<statusdate>2/17/2016</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>2/17/2016</statusdate><chamber>Senate</chamber><action>Referred to Assignments</action>
<statusdate>3/2/2016</statusdate><chamber>Senate</chamber><action>Assigned to Judiciary</action>
<statusdate>3/9/2016</statusdate><chamber>Senate</chamber><action>Postponed - Judiciary</action>
<statusdate>3/16/2016</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Filed with Secretary by Sen. Ira I. Silverstein</action>
<statusdate>3/16/2016</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Referred to Assignments</action>
<statusdate>3/16/2016</statusdate><chamber>Senate</chamber><action>Postponed - Judiciary</action>
<statusdate>3/30/2016</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Re-referred to Judiciary</action>
<statusdate>4/5/2016</statusdate><chamber>Senate</chamber><action>Senate Committee Amendment No. 1 Adopted</action>
<statusdate>4/6/2016</statusdate><chamber>Senate</chamber><action>Do Pass as Amended Judiciary;  010-001-000</action>
<statusdate>4/6/2016</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 2nd Reading April 7, 2016</action>
<statusdate>4/14/2016</statusdate><chamber>Senate</chamber><action>Second Reading</action>
<statusdate>4/14/2016</statusdate><chamber>Senate</chamber><action>Placed on Calendar Order of 3rd Reading April 18, 2016</action>
<statusdate>4/21/2016</statusdate><chamber>Senate</chamber><action>Third Reading - Passed; 054-001-000</action>
<statusdate>4/22/2016</statusdate><chamber>House</chamber><action>Arrived in House</action>
<statusdate>5/5/2016</statusdate><chamber>House</chamber><action>Chief House Sponsor Rep. Lou Lang</action>
<statusdate>5/5/2016</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>5/5/2016</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>5/9/2016</statusdate><chamber>House</chamber><action>Assigned to Judiciary - Civil Committee</action>
<statusdate>5/13/2016</statusdate><chamber>House</chamber><action>Final Action Deadline Extended-9(b) May 27, 2016</action>
<statusdate>5/24/2016</statusdate><chamber>House</chamber><action>Do Pass / Short Debate Judiciary - Civil Committee;  008-000-000</action>
<statusdate>5/25/2016</statusdate><chamber>House</chamber><action>Placed on Calendar 2nd Reading - Short Debate</action>
<statusdate>5/25/2016</statusdate><chamber>House</chamber><action>Second Reading - Short Debate</action>
<statusdate>5/25/2016</statusdate><chamber>House</chamber><action>Placed on Calendar Order of 3rd Reading - Short Debate</action>
<statusdate>5/27/2016</statusdate><chamber>House</chamber><action>Third Reading - Short Debate - Passed 108-000-001</action>
<statusdate>5/27/2016</statusdate><chamber>Senate</chamber><action>Passed Both Houses</action>
<statusdate>6/27/2016</statusdate><chamber>Senate</chamber><action>Sent to the Governor</action>
<statusdate>8/5/2016</statusdate><chamber>Senate</chamber><action>Governor Approved</action>
<statusdate>8/5/2016</statusdate><chamber>Senate</chamber><action>Effective Date January 1, 2017</action>
<statusdate>8/5/2016</statusdate><chamber>Senate</chamber><action>Public Act . . . . . . . . . 99-0743</action>
</actions>
</xml>

