(765 ILCS 835/7) (from Ch. 21, par. 21)
Sec. 7.
The trust funds, gifts and bequests mentioned in sections four (4)
and five (5) of this act, shall be exempt from taxation and from the
operation of all laws of mortmain, and laws against perpetuities and
accumulations.
(Source: Laws 1889, p. 63.)
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