SB1777Introduced in the Senate
BANKING&PROBATE-FINANCE/NOTICE
Introduced by Mark Walker, District 27
What does this bill do?
Plain-English breakdown
Writing a plain-English summary of this bill… this can take a few seconds the first time.
Official description
Amends the Illinois Banking Act. In provisions concerning customer financial records and confidentiality, provides that the language does not prohibit the furnishing of financial information to the executor, executrix, administrator, or other lawful representative of the estate of a customer. Amends the Savings Bank Act and the Illinois Credit Union Act to make the same changes. Amends the Illinois Credit Union Act. Amends the Illinois Trust and Payable on Death Accounts Act. Provides that any holder of an account may elect a per stirpes distribution option to the descendants of a natural person beneficiary if the beneficiary predeceases the last surviving holder of the account. Makes other changes. Amends the Financial Institutions Electronic Documents and Digital Signature Act. In provisions concerning electronic notices, provides that consent to electronic transactions given by the customer under the federal Electronic Signatures in Global and National Commerce Act satisfies applicable consent requirements. Amends the Probate Act of 1975. Provides that any person doing business or performing transactions on behalf of or at the direction of an executor or administrator with a will annexed is entitled to the presumption that the executor or administrator is lawfully authorized to conduct the business or perform the transaction as long as the person verifies that the letters testamentary or administration was issued by the court solely to the executor or administrator. Provides that if the letters testamentary or administration with the will annexed provide for co-executors or co-administrators, the person is entitled to the presumption only when the business or transaction is performed on behalf or at the direction of all listed executors or administrators in the letters. Provides that any person, corporation, or financial institution that conducts business or performs transactions on behalf of or at the direction of an executor or administrator with the will annexed is fully protected and released from liability if the person bases the presumption on the verification of the letters testamentary or administration with the will annexed.
Where it stands
Public Act . . . . . . . . . 104-0123
August 1, 2025
How did lawmakers vote?
House votes
2 recorded votes · each counted separately
Senate votes
3 recorded votes · each counted separately
HouseStage: Third Reading in House · May 22, 2025
115
Yes
0
No
0
Absent or Not Voting
115 representatives recorded in this House vote. Colors show vote categories only, not whether a vote was good or bad.
See how each representative voted
| Representative | District | Vote |
|---|---|---|
| Aaron Ortiz | 1 | Yes |
| Elizabeth Hernandez | 2 | Yes |
| Eva Dina Delgado | 3 | Yes |
| Lilian Jimenez | 4 | Yes |
| Kimberly Du Buclet | 5 | Yes |
| Sonya Harper | 6 | Yes |
| Emanuel Welch | 7 | Yes |
| LaShawn Ford | 8 | Yes |
| Yolanda Morris | 9 | Yes |
| Jawaharial Williams | 10 | Yes |
Bill history
Filed with Secretary by Sen. Mark L. Walker
First Reading
Referred to Assignments
Assigned to Judiciary
Added as Chief Co-Sponsor Sen. Jil Tracy
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Mark L. Walker
Senate Committee Amendment No. 1 Referred to Assignments
Senate Committee Amendment No. 1 Assignments Refers to Judiciary
Senate Committee Amendment No. 1 Adopted
Do Pass as Amended Judiciary; 009-000-000
Placed on Calendar Order of 2nd Reading March 20, 2025
Second Reading
Placed on Calendar Order of 3rd Reading April 1, 2025
Placed on Calendar Order of 3rd Reading **
Placed on Calendar Order of 3rd Reading
Third Reading - Passed; 056-000-000
Arrived in House
Chief House Sponsor Rep. Margaret Croke
First Reading
Referred to Rules Committee
Assigned to Judiciary - Civil Committee
Do Pass / Short Debate Judiciary - Civil Committee; 019-000-000
Placed on Calendar 2nd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar Order of 3rd Reading - Short Debate
Added Alternate Chief Co-Sponsor Rep. Daniel J. Ugaste
Added Alternate Chief Co-Sponsor Rep. Jennifer Gong-Gershowitz
Added Alternate Chief Co-Sponsor Rep. Daniel Didech
Third Reading - Short Debate - Passed 115-000-000
Passed Both Houses
Sent to the Governor
Governor Approved
Effective Date January 1, 2026
Public Act . . . . . . . . . 104-0123
Verify the information
Our commitment to neutrality
We provide factual information only. We never tell you which politicians or bills to support, and we do not rank, score, or endorse anyone.