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Illinois · Through at least Public Act 104-790

760 ILCS 3/812: Powers and duties of successor; liability for acts of predecessor; approval of accounts.

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

(a) A successor trustee shall have all the rights, powers, and duties that are granted to or imposed on the predecessor trustee.

(b) A successor trustee is under no duty to inquire into the acts or doings of a predecessor trustee, and is not liable for any act or failure to act of a predecessor trustee.

(c) With the approval of a majority in interest of the beneficiaries then entitled to receive or eligible to have the benefit of the income from the trust, a successor trustee may accept the account rendered by, and the property received from, the predecessor trustee as a full and complete discharge of the predecessor trustee without incurring any liability.

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

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