92nd General Assembly
Status of HB3232
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 Full Text  Bill Summary

   205 ILCS 620/2-6.5 new                                                      
   205 ILCS 620/5-10         from Ch. 17, par. 1555-10                         
   205 ILCS 620/8-1          from Ch. 17, par. 1558-1                          
   205 ILCS 620/9-6 new                                                        

        Amends the Corporate Fiduciary Act.  Provides for the  management      
   of  business  affairs of an independent corporate fiduciary by a board      
   of directors.  Authorizes staggered terms for directors.  Provides for      
   the assessments for the Corporate Fiduciary  Receivership  account  in      
   the  Bank  and  Trust  Company Fund to be levied until $5,000,000  has      
   been deposited into the account.  Requires corporate fiduciaries to be      
   audited each  year  by  an  independent  licensed  public  accountant.      
   Effective immediately.                                                      
   MAR-01-2001  H  FILED WITH CLERK                                               
   MAR-01-2001  H  FIRST READING                                                  
   MAR-01-2001  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   MAR-06-2001  H       ASSIGNED TO COMMITTEE               FIN INSTIT            
   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