(760 ILCS 3/413)
Sec. 413. Cy pres. (a) Except as otherwise provided in subsection (b), if a particular charitable purpose becomes unlawful, impracticable, impossible to achieve, or wasteful:
(1) the trust does not fail, in whole or in part;
(2) the trust property does not revert to the |
| settlor or the settlor's successors in interest; and
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(3) the court may apply cy pres to modify or
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| terminate the trust by directing that the trust property be applied or distributed, in whole or in part, in a manner consistent with the settlor's charitable purposes.
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(b) A provision in the terms of a charitable trust that would result in distribution of the trust property to a noncharitable beneficiary prevails over the power of the court under subsection (a) to apply cy pres to modify or terminate the trust only if, when the provision takes effect:
(1) the trust property is to revert to the settlor
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| and the settlor is still living; or
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(2) fewer than 21 years have elapsed since the date
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(Source: P.A. 101-48, eff. 1-1-20 .)
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