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Illinois Compiled Statutes

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Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

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760 ILCS 3/102

    (760 ILCS 3/102)
    Sec. 102. Scope. Except as otherwise provided, this Code applies to express trusts, charitable or noncharitable, and trusts created pursuant to a statute, judgment, or decree that requires the trust to be administered in the manner of an express trust. This Code does not apply to any:
        (1) land trust;
        (2) voting trust;
        (3) security instrument such as a trust deed or
    
mortgage;
        (4) liquidation trust;
        (5) escrow;
        (6) instrument under which a nominee, custodian for
    
property, or paying or receiving agent is appointed;
        (7) trust created by a deposit arrangement in a
    
banking or savings institution, commonly known as a "Totten trust" unless in the trust instrument any of the provisions of this Code are made applicable by specific reference; or
        (8) Grain Indemnity Trust Account or any other trust
    
created under the Grain Code.
(Source: P.A. 101-48, eff. 1-1-20.)