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IL HB3603

Bill

Status

Introduced

2/26/2015

Primary Sponsor

Dan Brady

Click for details

Origin

House of Representatives

99th General Assembly

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