(760 ILCS 3/1108)
Sec. 1108. Restrictions. Conversion to a total return trust does not affect any provision in the trust instrument:
(1) directing or authorizing the trustee to |
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(2) directing or authorizing the trustee to
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| distribute a fixed annuity or a fixed fraction of the value of trust assets;
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(3) authorizing a beneficiary to withdraw a portion
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| or all of the principal; or
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(4) in any manner that would diminish an amount
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| permanently set aside for charitable purposes under the trust instrument unless both income and principal are so set aside.
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(Source: P.A. 101-48, eff. 1-1-20 .)
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