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Illinois · Through at least Public Act 104-790

760 ILCS 3/1103: Conversion by agreement.

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Where this section sits in the code
  1. CHAPTER 760 TRUSTS AND FIDUCIARIES
  2. Illinois Trust Code.

Conversion to a total return trust may be made by agreement between a trustee and all qualified beneficiaries. The agreement may include any actions a court could properly order under Section 1104; however, any distribution percentage determined by the agreement may not be less than 3% nor greater than 5%.

Collected 2026-09-15T04:46:44Z. Source file · JSON

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