760 ILCS 3/1103

(760 ILCS 3/1103)

Sec. 1103. Conversion by agreement. Conversion to a total return trust may be made by agreement between a trustee and all qualified beneficiaries. The agreement may include any actions a court could properly order under Section 1104; however, any distribution percentage determined by the agreement may not be less than 3% nor greater than 5%.

(Source: P.A. 101-48, eff. 1-1-20; 102-279, eff. 1-1-22.)