Illinois General Assembly - Illinois Compiled Statutes

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.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

760 ILCS 20/6

(760 ILCS 20/6) (from Ch. 110 1/2, par. 256)

Sec. 6.

Authorized Transfers.

(a) A
representative, trustee or other obligor under a governing
instrument may make an
irrevocable transfer pursuant to Section 10 to a custodian for the benefit
of a minor as authorized in the governing will, trust or other
governing instrument.  The authorization will be presumed unless the
transfer is expressly prohibited by or inconsistent with the provisions of
the will, trust or governing instrument.

(b) If the testator, settlor or other person has
nominated a custodian under Section 4 to
receive the custodial property, the transfer must be made to that person.

(c) If the testator, settlor or other person has not
nominated a custodian under Section
4, or all persons so nominated as custodian die before the transfer or are
unable, decline, or are ineligible to serve, the representative, trustee
or other person as the case may be, shall designate
the custodian from among the transferor, an adult member of the minor's
family or a trust company.

(Source: P.A. 84-1129.)