Illinois HB 4206: CHARITABLE ORG BFY-PROBATE
Status: Passed Both Houses (as of 2026-05-14)
State: Illinois · Session: 104th · Bill: HB 4206
Sponsors: Jennifer Gong-Gershowitz, Robert F. Martwick, Ann M. Williams, Anna Moeller, David Koehler, Julie A. Morrison, Justin Cochran, Kevin John Olickal, Laura Faver Dias, Lindsey LaPointe, Mary Beth Canty, Michael W. Halpin, Michelle Mussman, Mike Porfirio, Ram Villivalam, Suzanne M. Ness
Bill Text
• Illinois General Assembly - Full Text of HB4206 • • • • • • • • • • • • Select Language × The Illinois General Assembly offers the Google Translate™ service for visitor convenience. In no way should it be considered accurate as to the translation of any content herein. Visitors of the Illinois General Assembly website are encouraged to use other translation services available on the internet. The English language version is always the official and authoritative version of this website. NOTE: To return to the original English language version, select the "Show Original" button on the Google Translate™ menu bar at the top of the window. Choose Language English Afrikaans Albanian Arabic Armenian Azerbaijani Basque Bengali Bosnian Catalan Croatian Czech Danish Dutch Esperanto Estonian Filipino Finnish French Galician Georgian German Greek Gujarati Haitian Creole Hausa Hawaiian Hebrew Hindi Hungarian Icelandic Indonesian Interlingua Interlingue Inuktitut Irish Italian Japanese Javanese Kannada Khmer Korean Latin Latvian Lithuanian Luxembourgish Macedonian Malagasy Malayalam Maltese Maori Marathi Myanmar Nepali Norwegian Odia Pashto Punjabi Romanian Russian Samoan Sango Sanskrit Sardinian Sindhi Sinhala Slovak Slovenian Somali Southern Sotho Spanish Sundanese Swahili Swedish Tamil Telugu Thai Tigrinya Tonga Turkish Ukrainian Urdu Vietnamese Welsh Xhosa Yiddish Yoruba Zulu Powered by Translate Close Illinois General Assembly Top Navigation Bar Translate Learn Select General Assembly Search the 104th General Assembly Enter search terms for legislation, members, committees, or schedules. ILGA.GOV • • LEGISLATION & LAWS • Bills & Resolutions • Public Acts • Illinois Compiled Statutes • Illinois Constitution • Search Legislation • Glossary • Guide • Reports & Inquiry • Legislative Reports • Special Reports • FTP Site • Legislator Lookup • Capitol Complex Phone Numbers • Rules & Regulations • Illinois Register • Administrative Rules • Senate • Members • Schedules • Committees • Request for Remote Testimony • Journals • Transcripts • Rules • Audio/Video • FOIA Information • Senate Employment Opportunities • Media Guidelines • House • Members • Schedules • Committees • Submit testimony for House Committees • Journals • Transcripts • Rules • Audio/Video • FOIA Information • House Employment Opportunities • Log In Mobile Top Bar Search the 104th General Assembly Enter keywords to search the Illinois General Assembly website. Full Text of HB4206 • Home • Legislation • Full Text HB4206 - 104th General Assembly • Bill Status • Full Text • Votes • Witness Slips Select Menu Bill Status Full Text Votes Witness Slips Printer Friendly Version Introduced Engrossed Enrolled House Amendment 001 House Amendment 002 Public Act Printer Friendly Version Introduced Engrossed Enrolled House Amendment 001 House Amendment 002 Public Act Open PDF HB4206 EnrolledLRB104 16254 JRC 29638 b 1 AN ACT concerning civil law. 2 Be it enacted by the People of the State of Illinois, 3represented in the General Assembly: 4 Section 1. Short title. This Act may be cited as the 5Charitable Organization Beneficiary Act. 6 Section 5. Definitions. As used in this Act: 7 "Beneficiary designation" means the provision in an 8instrument designating a beneficiary, other than in a will or 9an instrument creating a trust, and may also mean the 10instrument itself, including, but not limited to, any of the 11following: 12 (1) a demand deposit, savings deposit, time deposit or 13 other account or instrument on which the holder is 14 directly liable with a designation for payment upon death 15 or other nonprobate designation making it transferable on 16 death; 17 (2) a security registered in beneficiary form; or 18 (3) a pension, profit-sharing plan, retirement account 19 such as an IRA, 401(k), 403(b), or other 20 employment-related benefit plan. 21 "Beneficiary designation" does not include designation of 22a beneficiary made as part of an annuity or an insurance 23policy. HB4206 Enrolled- 2 -LRB104 16254 JRC 29638 b 1 "Charitable organization" means an entity that is exempt 2from taxation under Section 501(c)(3) of the Internal Revenue 3Code. 4 "Holder of property" means any entity that has possession 5of or is responsible for property subject to a beneficiary 6designation. 7 Section 10. Notice of death of owner of property. If the 8holder of the property has verified the death o
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