760 ILCS 3/1108: Restrictions.
Where this section sits in the code
- CHAPTER 760 TRUSTS AND FIDUCIARIES
- 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