Chapter 760, TRUSTS AND FIDUCIARIES

(760 ILCS 3/1505.3) Sec. 1505.3. The Statute Concerning Perpetuities is repealed. (Source: P.A. 101-48, eff. 1-1-20.)

(760 ILCS 3/1505.4) Sec. 1505.4. The Perpetuities Vesting Act is repealed. (Source: P.A. 101-48, eff. 1-1-20.)

(760 ILCS 3/1505.5) Sec. 1505.5. The Trust Accumulation Act is repealed. (Source: P.A. 101-48, eff. 1-1-20.)

(760 ILCS 3/1506) Sec. 1506. Application to existing relationships. Except as otherwise provided in this Code, on the effective date of this Code: (1) This Code applies to all trusts created before, on, or after its effective date. (2) This Code applies to all judicial proceeding…

(760 ILCS 3/9999) Sec. 9999. Effective date. This Act takes effect January 1, 2020. (Source: P.A. 101-48, eff. 1-1-20.)

(760 ILCS 25/0.01) (from Ch. 30, par. 210) Sec. 0.01. Short title. This Act may be cited as the Disclaimer Under Nontestamentary Instrument Act. (Source: P.A. 86-1324.)

(760 ILCS 70/0.01) (from Ch. 32, par. 439.49) Sec. 0.01. Short title. This Act may be cited as the Fiduciary Transfer of Securities Act. (Source: P.A. 86-1324.)

(760 ILCS 75/0.01) (from Ch. 17, par. 2050) Sec. 0.01. Short title. This Act may be cited as the Securities in Fiduciary Accounts Act. (Source: P.A. 86-1324.)

(760 ILCS 65/0.01) (from Ch. 17, par. 2000) Sec. 0.01. Short title. This Act may be cited as the Fiduciary Obligations Act. (Source: P.A. 86-1324.)

(760 ILCS 30/0.01) (from Ch. 40, par. 1651.9) Sec. 0.01. Short title. This Act may be cited as the Instruments Regarding Adopted Children Act. (Source: P.A. 86-1324.)

(760 ILCS 60/0.01) (from Ch. 148, par. 50) Sec. 0.01. Short title. This Act may be cited as the Charitable Trust Tax Law Conformance Act. (Source: P.A. 86-1324.)

(760 ILCS 85/0.01) (from Ch. 103, par. 20.9) Sec. 0.01. Short title. This Act may be cited as the Trustee Surety Release Act. (Source: P.A. 86-1324.)

(760 ILCS 90/0.01) (from Ch. 21, par. 30.9) Sec. 0.01. Short title. This Act may be cited as the Burial Lot Perpetual Trust Act. (Source: P.A. 86-1324.)

(760 ILCS 95/0.01) (from Ch. 21, par. 63.9) Sec. 0.01. Short title. This Act may be cited as the Cemetery Perpetual Trust Authorization Act. (Source: P.A. 86-1324.)

(760 ILCS 40/0.01) (from Ch. 48, par. 39s-90) Sec. 0.01. Short title. This Act may be cited as the Trusts for Employees Act. (Source: P.A. 86-1324.)

(760 ILCS 51/1) Sec. 1. Short title. This Act may be cited as the Uniform Prudent Management of Institutional Funds Act. (Source: P.A. 96-29, eff. 6-30-09.)

(760 ILCS 100/1) (from Ch. 21, par. 64.1) Sec. 1. Short title. This Act may be cited as the Cemetery Care Act. (Source: P.A. 90-47, eff. 1-1-98.)

(760 ILCS 55/1) (from Ch. 14, par. 51) Sec. 1. This Act may be cited as the Charitable Trust Act. (Source: P.A. 102-558, eff. 8-20-21.)

(760 ILCS 30/1) (from Ch. 40, par. 1652) Sec. 1. Property rights. For the purpose of determining the property rights of any person under any nontestamentary instrument, an adopted child's relationship to his or her adopting and natural parents shall be governed by Section 2-4 of …

(760 ILCS 25/1) (from Ch. 30, par. 211) Sec. 1. Right to Disclaim Transfers Under Nontestamentary Instruments. A grantee, donee, person succeeding to a disclaimed interest, beneficiary under a nontestamentary instrument or contract or person designated to take pursuant to a power…

(760 ILCS 60/1) (from Ch. 148, par. 51) Sec. 1. Charitable trusts-Federal tax laws. (1) Notwithstanding any provision to the contrary in the governing instrument or under any other law of this State and except as otherwise provided by court order entered after June 8, 1971, the t…

(760 ILCS 40/1) (from Ch. 48, par. 39t) Sec. 1. A trust created as a part of a plan for the benefit of some or all of the employees of one or more employers, including, but without limitation, a stock bonus, pension, disability, death benefit, profit sharing, unemployment benefit…

(760 ILCS 45/1) (from Ch. 17, par. 2101) Sec. 1. Short title. This Act may be cited as the "Common Trust Fund Act". (Source: Laws 1943, vol. 1, p. 230.)

(760 ILCS 75/1) (from Ch. 17, par. 2051) Sec. 1. As used in this Act, unless the context otherwise requires: (a) "Fiduciary" means a corporation qualified to administer trusts in this State under "An Act to provide for and regulate the administration of trusts by trust companies"…

(760 ILCS 85/1) (from Ch. 103, par. 21) Sec. 1. Whenever any surety on the bond of any trustee of any fund or property appointed by any last will or other instrument in writing or appointed or created in any other manner than by appointment by a court, or any heir, executor or ad…

(760 ILCS 15/1) (from Ch. 30, par. 501) Sec. 1. Short Title. This Act may be cited as the Principal and Income Act. (Source: P.A. 86-1475.)

(760 ILCS 20/1) (from Ch. 110 1/2, par. 251) Sec. 1. Short title. This Act shall be known and may be cited as the "Illinois Uniform Transfers to Minors Act". (Source: P.A. 84-915.)

(760 ILCS 65/1) (from Ch. 17, par. 2001) Sec. 1. (1) In this Act unless the context or subject matter otherwise requires: "Fiduciary" includes a trustee under any trust, expressed, implied, resulting or constructive executor, administrator, guardian, conservator, curator, receive…

(760 ILCS 10/1) (from Ch. 17, par. 1751) Sec. 1. When used in this Act unless the context otherwise requires: (a) "War Service" means the following: (1) Membership in any of the military, naval or air forces of the United States or any of its allies; (2) Internment in any country…

(760 ILCS 90/1) (from Ch. 21, par. 31) Sec. 1. Any burial lot in any cemetery controlled by any company or association incorporated for cemetery purposes under any general or special law of the State of Illinois, may, by the owner or owners, be conveyed or bequeathed back to and …

(760 ILCS 70/1) (from Ch. 32, par. 439.50) Sec. 1. Definitions. In this Act unless the context requires otherwise: (a) "Assignment" includes any written stock power, bill of sale, deed, declaration of trust or other instrument of transfer. (b) "Beneficial interest" includes the i…

(760 ILCS 55/10) (from Ch. 14, par. 60) Sec. 10. When the Attorney General requires the attendance of any person, as provided in Section 9, he shall issue an order setting forth the time when and the place where attendance is required and shall cause the same to be served upon th…

(760 ILCS 65/10) (from Ch. 17, par. 2010) Sec. 10. When a deposit is made in a bank in the name of two or more persons as trustees and a check is drawn upon the trust account by any trustee or trustees authorized by the other trustee or trustees to draw checks upon the trust acco…

(760 ILCS 20/10) (from Ch. 110 1/2, par. 260) Sec. 10. Manner of Creating Custodial Property and Effecting Transfer; Designation of Initial Custodian; Control. (a) Custodial property is created and a transfer is made whenever: (1) an uncertificated security or a certificated secu…

(760 ILCS 100/10) (from Ch. 21, par. 64.10) Sec. 10. Upon receipt of such application for license, the Comptroller shall issue a license to the applicant unless the Comptroller determines that: (a) The applicant has made any misrepresentations or false statements or has concealed…

(760 ILCS 15/10) (from Ch. 30, par. 510) Sec. 10. Disposition of natural resources. (a) If any part of the principal consists of a right to receive royalties, overriding or limited royalties, working interests, production payments, net profit interests, or other interest in miner…

(760 ILCS 51/10) Sec. 10. Uniformity of application and construction. In applying and construing this uniform Act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it. (Source: P.A. 96-29, eff. 6-3…

(760 ILCS 51/10.1) Sec. 10.1. Repeal. The following Act is repealed: The Uniform Management of Institutional Funds Act. (Source: P.A. 96-29, eff. 6-30-09.)

(760 ILCS 51/10.2) Sec. 10.2. (Amendatory provisions; text omitted). (Source: P.A. 96-29, eff. 6-30-09; text omitted.)

(760 ILCS 20/11) (from Ch. 110 1/2, par. 261) Sec. 11. Single Custodianship. A transfer may be made only for one minor, and only one person may be the custodian. All custodial property held under this Act by the same custodian for the benefit of the same minor constitutes a singl…

(760 ILCS 65/11) (from Ch. 17, par. 2011) Sec. 11. In any case not provided for in this Act the rules of law and equity, including the law merchant and those rules of law and equity relating to trusts, agency, negotiable instruments and banking, shall continue to apply. (Source: …

(760 ILCS 55/11) (from Ch. 14, par. 61) Sec. 11. Subject to reasonable rules and regulations adopted by the Attorney General, the register, copies of instruments and reports filed with the Attorney General shall be open to public inspection. (Source: Laws 1961, p. 2094.)

(760 ILCS 100/11) (from Ch. 21, par. 64.11) Sec. 11. Issuance and display of license. A license issued under this Act authorizes the cemetery authority to accept care funds for the cemetery identified in the license. If a license application seeks licensure to accept care funds o…

(760 ILCS 51/11) Sec. 11. Effective date. This Act takes effect upon becoming law. (Source: P.A. 96-29, eff. 6-30-09.)

(760 ILCS 100/11.1) Sec. 11.1. Investigation of unlawful practices. If it appears to the Comptroller that a person has engaged in, is engaging in, or is about to engage in any practice declared to be unlawful by this Act, the Comptroller may: (1) require that person to file on su…

(760 ILCS 100/11.2) Sec. 11.2. Service. Service by the Comptroller of any notice requiring a person to file a statement or report shall be made: (1) personally by delivery of a duly executed copy thereof to the person to be served or, if that person is not a natural person, in th…

(760 ILCS 15/12) (from Ch. 30, par. 512) Sec. 12. Other property subject to depletion. Except as provided in Section 10, if the principal consists of property subject to depletion, including leaseholds, patents, copyrights, trademarks, and royalty rights, the receipts therefrom s…

(760 ILCS 65/12) (from Ch. 17, par. 2012) Sec. 12. All acts or part of acts inconsistent with this act are hereby repealed. (Source: Laws 1931, p. 676.)

(760 ILCS 100/12) (from Ch. 21, par. 64.12) Sec. 12. Annual reports. Every licensee shall prepare a written report as of the end of the preceding calendar year or fiscal year, as the case may be, showing: (a) The amount of the principal of the care funds held in trust by the trus…

(760 ILCS 20/12) (from Ch. 110 1/2, par. 262) Sec. 12. Validity and Effect of Transfer. (a) The validity of a transfer made in a manner prescribed in this Act is not affected by: (1) failure of the transferor to comply with Section 10(c) concerning possession and control; (2) des…