Topic:
Excluded powers of attorney
(Beaubien, R-Barrington; Silverstein, D-Chicago) excludes from the Illinois Power of Attorney Act certain kinds of limited agencies done primarily for various business, commercial, and governmental purposes that are executed by or for financial institutions. House Bill 1712 ensures that these kinds of POAs are not revoked using the statutory short form. Governor Quinn amendatorily vetoed this bill, and one of three things may happen when the General Assembly reconvenes in late October for veto session. (1) The General Assembly rules that the amendatory veto exceeds the Governor's authority and therefore kills the bill. (2) The General Assembly accepts the amendatory veto, and the law as amendatorily vetoed takes effect January 1, 2012. (3) The General Assembly overrides the Governor's amendatory veto and it takes effect without the amendatory veto changes. Text of the bill and the Governor's amendatory veto message may be found at the link below.