Loading chat...
IL HB3603
Bill
Status
Introduced
2/26/2015
Primary Sponsor
Dan Brady
Click for details
AI Summary
-
Amends the Cemetery Care Act by modifying the definition of "care funds" to remove language stating that care funds include "any income accumulated therefrom."
-
Adds a new definition of "income" as any return received in money or property from the use and investment of trust principal or corpus, including stock dividends and net gains or losses from the sale, redemption, transfer, or other disposition of trust assets.
-
Maintains all other definitions in the Cemetery Care Act related to cemetery types, burial rights, cemetery authority, and related terms.
Legislative Description
CEMETERY CARE ACT-DEFINITIONS
Last Action
Rule 19(a) / Re-referred to Rules Committee
4/24/2015
Committee Referrals
Rules4/24/2015
Consumer Protection3/10/2015
Rules2/26/2015
Full Bill Text
No bill text available