State of Illinois
92nd General Assembly
Legislation

   [ 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
12    pursuant  to  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.)

[ Top ]