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760 ILCS 3/1205

Application; governing law

Known as the Trust Decanting Law

The act spans §§ 760-3-1201 to 760-3-1227 (27 sections).

P.A. 101-48, eff. 1-1-20.

This Article applies to a trust created before, on, or after the effective date of this Code that: (1) has its principal place of administration in this State, including a trust whose principal place of administration has been changed to this State; or (2) provides by its trust instrument that it is governed by the law of this State or is governed by the law of this State for the purpose of: (A) administration, including administration of a trust whose governing law for purposes of administration has been changed to the law of this State; (B) construction of terms of the trust; or (C) determining the meaning or effect of terms of the trust.

Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.