GroundRules
← Search the law
Illinois · Through at least Public Act 104-790

760 ILCS 3/1108: Restrictions.

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

Conversion to a total return trust does not affect any provision in the trust instrument:

(1) directing or authorizing the trustee to distribute principal;

(2) directing or authorizing the trustee to distribute a fixed annuity or a fixed fraction of the value of trust assets;

(3) authorizing a beneficiary to withdraw a portion or all of the principal; or

(4) in any manner that would diminish an amount permanently set aside for charitable purposes under the trust instrument unless both income and principal are so set aside.

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

Browse this collection