MEYER. 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 END OF INQUIRY Full Text Bill Summary