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90_HB3613
735 ILCS 5/2-1404 from Ch. 110, par. 2-1404
Amends the Civil Practice Artcle of the Code of Civil
Procedure. Makes technical changes in a provision regarding
preservation of trust estates.
LRB9009133SMdv
LRB9009133SMdv
1 AN ACT to amend the Code of Civil Procedure by changing
2 Section 2-1404.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Code of Civil Procedure is amended by
6 changing Section 2-1404 as follows:
7 (735 ILCS 5/2-1404) (from Ch. 110, par. 2-1404)
8 Sec. 2-1404. Preservation of trust estates. In all
9 cases where a trustee has been or shall be appointed by order
10 of a circuit court, such court has authority to authorize the
11 payment of interest on any mortgage which is a lien upon the
12 trust estate, to authorize the payment of taxes and
13 assessments levied upon or assessed against the trust estate,
14 to authorize the payment of the insurance premiums on any
15 policy of insurance on the buildings and personal property of
16 the trust estate, and to authorize the making of repairs and
17 the payment therefor, when it appears for the best interests
18 of the estate; and where a trustee has paid any such
19 interest, taxes, assessments, insurance premiums, or for
20 repairs, and it appears that the such payments were for the
21 best interests of the estate and the protection and
22 preservation thereof, the court, on application or by report,
23 has authority to approve the such payments.
24 (Source: P.A. 84-621.)