The trustees shall serve pursuant to the terms of the written trust instrument except that at any time no less than a majority of the beneficiaries may remove a trustee with or without cause.
215 ILCS 150/10
The trustees shall serve pursuant to the terms of the written trust instrument except that at any time no less than a majority of the beneficiaries may remove a trustee with or without cause
Known as the Religious and Charitable Risk Pooling Trust Act
The act spans §§ 215-150-1 to 215-150-9 (30 sections).
P.A. 80-530.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.