92nd General Assembly
Status of HB3056
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Summary

   New Act                                                                     
   760 ILCS 5/5              from Ch. 17, par. 1675                            
   760 ILCS 5/5.1            from Ch. 17, par. 1675.1                          
   760 ILCS 5/5.2            from Ch. 17, par. 1675.2                          

        Creates the Uniform Prudent  Investor  Act.   Provides  that  the      
   trustee  of a trust shall invest and manage trust assets in accordance      
   with   specified   criteria   pertaining   to   portfolio    strategy,      
   diversification,  loyalty,  impartiality,  review,  and  delegation of      
   duties relating to investment and management of trust assets.  Applies      
   to trusts existing on and created after its  effective  date.   Amends      
   the Trusts and Trustees Act to conform to the new Act.                      
   FEB-27-2001  H  FILED WITH CLERK                                               
   FEB-27-2001  H  FIRST READING                                                  
   FEB-27-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   FEB-28-2001  H       ASSIGNED TO COMMITTEE               JUD-CIVIL LAW         
   MAR-16-2001  H  RE-REFERRED TO RULES COMM/RULE 19(A)     RULES         HRUL    
   JAN-07-2003  H  SESSION SINE DIE                                               


 Full Text  Bill Summary