(755 ILCS 27/50) Sec. 50. Notice, delivery, acceptance, or consideration not required. A transfer on death instrument is effective without: (1) notice or delivery to or acceptance by the designated beneficiary during the owner's life; or (2) consideration.
(Source: P.A. 97-555, eff. 1-1-12; 98-821, eff. 1-1-15.)