[ Search ] [ PDF text ] [ Legislation ]
[ Home ] [ Back ] [ Bottom ]
92_HB1409 LRB9204011DHmb 1 AN ACT concerning trusts. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Trusts and Trustees Act is amended by 5 changing Section 2 as follows: 6 (760 ILCS 5/2) (from Ch. 17, par. 1652) 7 Sec. 2. Definitions. As used in this Act: 8 (1) "Trust" means a trust created by will, deed, 9 agreement, declaration or other written instrument; 10 (2) "Trustee" means the trustee or any successor or 11 added trustee of the trust, whether appointed by or according 12pursuantto the instrument creating the trust, by order of 13 court or otherwise, and includes an individual and a 14 corporation qualified to administer trusts in this State 15 under "An Act to provide for and regulate the administration 16 of trusts by trust companies", approved June 15, 1887, as 17 amended, or under "An Act authorizing foreign corporations, 18 including banks, and national banking associations domiciled 19 in other states, to act in a fiduciary capacity in this State 20 upon certain conditions herein set forth", approved July 13, 21 1953, as amended. 22 (Source: P.A. 78-625.)