{"data":{"id":"us-il/205-ilcs-620-1-4","jurisdiction":"us-il","citation":"205 ILCS 620/1-4","heading":"Effect on existing corporate fiduciaries.","body":"With respect to any existing corporate fiduciary:\n(a) any existing certificate of authority shall continue in full force and effect except as provided in Section 1-3 of this Act;\n(b) all existing appointments in any fiduciary capacity and any existing contracts by such corporate fiduciary shall continue in full force and effect; and\n(c) no corporate fiduciary which holds a current and valid certificate of authority under this Act shall be required to submit an application to obtain a certificate of authority unless the certificate of authority of such corporate fiduciary subsequently shall have been relinquished or revoked and such corporate fiduciary thereafter seeks to again obtain a certificate of authority.","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":"3b652948d5d5a4a665ee4b19ae5f0560f48558c090cb2ae37399a8a24d7a1624","source_id":"us-il","stale":false,"prev":"us-il/205-ilcs-620-1-3","next":"us-il/205-ilcs-620-1-5"},"notice":"GroundRules: Original legal text. Not legal advice."}