Common Trust Fund Act

Sections covered

• 760 ILCS 45/1Short title
• 760 ILCS 45/2Definitions.) As used in this Act, unless the context otherwise requires: (a) "Bank or trust company" means any state bank, any national bank, any trust company or any other corporation, qualified to act as a fiduciary in this State
• 760 ILCS 45/3Establishment of common trust fund
• 760 ILCS 45/3.1Trusts and Fiduciaries › 760 ILCS 45 — Common Trust Fund Act
• 760 ILCS 45/4Written plan.) Each common trust fund shall be established, administered and maintained in accordance with a written declaration of trust, herein referred to as the "plan", prepared by the bank or trust company and approved by resolution of its board of directors
• 760 ILCS 45/5Management of the common trust funds
• 760 ILCS 45/6Trusts and Fiduciaries › 760 ILCS 45 — Common Trust Fund Act
• 760 ILCS 45/7Severability
• 760 ILCS 45/8Reliance on Commissioner of Banks and Real Estate