{"data":{"id":"us-il/205-ilcs-620-1-2","jurisdiction":"us-il","citation":"205 ILCS 620/1-2","heading":"Policy of Act.","body":"The General Assembly finds that corporate fiduciaries perform a vital service in the administration of trusts, guardianship, receiverships, estates and other fiduciary capacities; that it is in the public interest that prior to accepting any fiduciary appointment, a corporate fiduciary meet minimum qualifications with respect to financial capacity as well as managerial competence and integrity; that the operation of a corporate fiduciary is impressed with a public interest such that it should be supervised as an activity affecting the general welfare of the people of the State of Illinois; and that a corporate fiduciary should obtain its authority, conduct its operations and be supervised as provided in this Act.","path":["CHAPTER 205 FINANCIAL REGULATION","Corporate Fiduciary Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=1193\u0026ChapterID=20\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:29Z","sha256":"87ef5ec4f957c3b244222a611c4942c70ee57cddfd4f2ba7ccb2e88cc637305b","source_id":"us-il","stale":false,"prev":"us-il/205-ilcs-620-1-1","next":"us-il/205-ilcs-620-1-3"},"notice":"GroundRules: Original legal text. Not legal advice."}