Chapter 760, TRUSTS AND FIDUCIARIES

(760 ILCS 70/6) (from Ch. 32, par. 439.55) Sec. 6. Application. The rights and duties of a corporation in registering a security in the name of a fiduciary or in making a transfer of a security pursuant to an assignment by a fiduciary are governed by the law of the jurisdiction u…

(760 ILCS 10/6) (from Ch. 17, par. 1756) Sec. 6. The trustee in war service has no responsibility for the acts and omissions of the co-trustee or temporary trustee. The co-trustee or temporary trustee appointed hereunder or any other successor trustee has no responsibility for th…

(760 ILCS 55/6) (from Ch. 14, par. 56) Sec. 6. (a) Every trustee subject to this Act who has received property for charitable purposes shall file and register with the Attorney General, within 6 months after any part of the income or principal is received for application to the c…

(760 ILCS 65/6) (from Ch. 17, par. 2006) Sec. 6. If a check or other bill of exchange is drawn by a fiduciary as such or in the name of his principal by a fiduciary empowered to draw such instrument in the name of his principal, payable to the fiduciary personally, or payable to …

(760 ILCS 100/6) (from Ch. 21, par. 64.6) Sec. 6. The trust funds authorized by Section 3 of this Act, and the income therefrom, and any funds received under a contract to furnish care of a burial space for a definite number of years, shall be held for the general benefit of the …

(760 ILCS 20/6) (from Ch. 110 1/2, par. 256) Sec. 6. Authorized Transfers. (a) A representative, trustee or other obligor under a governing instrument may make an irrevocable transfer pursuant to Section 10 to a custodian for the benefit of a minor as authorized in the governing …

(760 ILCS 15/7) (from Ch. 30, par. 507) Sec. 7. Corporate Distributions. (a) Corporate distributions of shares of the distributing corporation, including distributions in the form of a stock split or stock dividend, are principal. A right to subscribe to shares or other securitie…

(760 ILCS 70/7) (from Ch. 32, par. 439.56) Sec. 7. Tax obligations. This Act shall not be construed to affect any obligation of a corporation with respect to estate, inheritance, succession or other taxes imposed by the laws of this State. (Source: Laws 1957, p. 247.)

(760 ILCS 100/7) (from Ch. 21, par. 64.7) Sec. 7. License to hold care funds. No cemetery authority owning, operating, controlling or managing a privately operated cemetery may accept the care funds authorized by the provisions of Section 3 of this Act without securing from the C…

(760 ILCS 45/7) (from Ch. 17, par. 2108) Sec. 7. Severability. If any provision of this Act or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect the other provisions or applications of the Act which can be given effect without…

(760 ILCS 20/7) (from Ch. 110 1/2, par. 257) Sec. 7. Other Transfer by Fiduciary. (a) Subject to subsection (c), a representative may make an irrevocable transfer to an adult or trust company as custodian for the benefit of a minor pursuant to Section 10, in the absence of an aut…

(760 ILCS 65/7) (from Ch. 17, par. 2007) Sec. 7. If a deposit is made in a bank to the credit of a fiduciary as such, the bank is authorized to pay the amount of the deposit or any part thereof upon the check of the fiduciary, signed with the name in which such deposit is entered…

(760 ILCS 10/7) (from Ch. 17, par. 1757) Sec. 7. This Act may be cited as the Trustees' Emergency Act. (Source: Laws 1943, vol. 1, p. 1367.)

(760 ILCS 51/7) Sec. 7. Reviewing compliance. Compliance with this Act is determined in light of the facts and circumstances existing at the time a decision is made or action is taken, and not by hindsight. (Source: P.A. 96-29, eff. 6-30-09.)

(760 ILCS 55/7) (from Ch. 14, par. 57) Sec. 7. (a) Except as otherwise provided, every trustee subject to this Act shall, in addition to filing copies of the instruments previously required, file with the Attorney General periodic annual written reports under oath, setting forth …

(760 ILCS 55/7.5) Sec. 7.5. Charitable trust for the benefit of a minor or person with a disability; report. (a) In the case of a charitable trust established for the benefit of a minor or person with a disability, the person or trustee responsible for the trust, if not the guard…

(760 ILCS 100/8) (from Ch. 21, par. 64.8) Sec. 8. Every cemetery authority shall register with the Comptroller upon forms furnished by him or her. Such registration statement shall state whether the cemetery authority claims that the cemetery owned, operated, controlled, or manag…

(760 ILCS 51/8) Sec. 8. Application to existing institutional funds. This Act applies to institutional funds existing on or established after the effective date of this Act. As applied to institutional funds existing on the effective date of this Act, this Act governs only decisi…

(760 ILCS 20/8) (from Ch. 110 1/2, par. 258) Sec. 8. Transfer by Other Obligor. (a) Subject to subsections (b) and (c), a person not subject to Section 5, 6 or 7 who holds property of or owes a liquidated debt to a minor not having a guardian may make an irrevocable transfer to a…

(760 ILCS 45/8) Sec. 8. Reliance on Commissioner of Banks and Real Estate. No fiduciary or other person shall be liable under this Act for any act done or omitted in good faith in conformity with any rule, interpretation, or opinion issued by the Commissioner of Banks and Real Es…

(760 ILCS 15/8) (from Ch. 30, par. 508) Sec. 8. Premium and discount. (a) A bond or other obligation for the payment of money is principal at its inventory value. No provision shall be made for amortization of premiums or for accumulation for discounts. Except as provided in subs…

(760 ILCS 55/8) (from Ch. 14, par. 58) Sec. 8. The Attorney General may make additional rules and regulations necessary for the administration of this Act. (Source: Laws 1961, p. 2094.)

(760 ILCS 65/8) (from Ch. 17, par. 2008) Sec. 8. If a check is drawn upon the account of his principal in a bank by a fiduciary who is empowered to draw checks upon his principal's account, the bank is authorized to pay such check without being liable to the principal, unless the…

(760 ILCS 100/8.1) (from Ch. 21, par. 64.8a) Sec. 8.1. Any cemetery authority operating a fraternal cemetery, municipal cemetery, State or federal cemetery, religious cemetery or family burying ground which has been licensed under the provisions of this Act may have such license …

(760 ILCS 15/9) (from Ch. 30, par. 509) Sec. 9. Business and farming operations. (a) If a trustee uses any part of the principal in the operation of a business or, except as provided in subsection (b), an agricultural or farming operation, including the raising of animals or the …

(760 ILCS 70/9) (from Ch. 32, par. 439.57) Sec. 9. Effective date. This Act shall take effect on September 1, 1957. (Source: Laws 1957, p. 247.)

(760 ILCS 51/9) Sec. 9. Relation to Electronic Signatures in Global and National Commerce Act. This Act modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. Section 7001 et seq., but does not modify, limit, or supersede Section…

(760 ILCS 55/9) (from Ch. 14, par. 59) Sec. 9. The Attorney General may investigate transactions and relationships of trustees subject to this Act for the purpose of determining whether the property held for charitable purposes is properly administered. He may require any agent, …

(760 ILCS 65/9) (from Ch. 17, par. 2009) Sec. 9. Notwithstanding any other law, if a fiduciary makes a deposit in a bank to his personal credit of checks drawn by him upon an account in his own name as fiduciary, or of checks payable to him as fiduciary, or of checks drawn by him…

(760 ILCS 100/9) (from Ch. 21, par. 64.9) Sec. 9. Application for license. (a) Prior to the acceptance of care funds authorized by Section 3 of this Act or the sale or transfer of the controlling interest of a licensed cemetery authority, a cemetery authority owning, operating, c…

(760 ILCS 20/9) (from Ch. 110 1/2, par. 259) Sec. 9. Receipt for Custodial Property. A written acknowledgment of delivery by a custodian constitutes a sufficient receipt and discharge for custodial property transferred to the custodian pursuant to this Act. (Source: P.A. 84-915.)…