(765 ILCS 405/0.01) (from Ch. 148, par. 70) Sec. 0.01. Short title. This Act may be cited as the Land Trust Beneficial Interest Disclosure Act. (Source: P.A. 86-1324.) (765 ILCS 405/1) (from Ch. 148, par. 71) Sec. 1. Definitions. As used in this Act: “Beneficial interest” means any interest, regardless of how small or […]
(765 ILCS 407/1) Sec. 1. Short title. This Act may be cited as the Land Trust Beneficiary Rights Act. (Source: P.A. 99-609, eff. 1-1-17.) (765 ILCS 407/5) Sec. 5. Land trust beneficiary rights. If the identity of the trustee of a land trust has been changed by virtue of sale, assignment, appointment, or otherwise, […]
(765 ILCS 410/0.01) (from Ch. 148, par. 60) Sec. 0.01. Short title. This Act may be cited as the Land Trust Successor Trustee Act. (Source: P.A. 86-1324.) (765 ILCS 410/1) (from Ch. 148, par. 61) Sec. 1. Unless the land trust agreement specifically provides for an alternate method of the appointing of a successor […]
(765 ILCS 415/0.01) (from Ch. 148, par. 80) Sec. 0.01. Short title. This Act may be cited as the Land Trustee as Creditor Act. (Source: P.A. 86-1324.) (765 ILCS 415/1) (from Ch. 148, par. 81) Sec. 1. (a) The General Assembly finds: (1) For a number of years, the State of Illinois has recognized […]
(765 ILCS 420/1) (from Ch. 30, par. 801) Sec. 1. This Act shall be known and may be cited as the Land Trust Recordation and Transfer Tax Act. (Source: P.A. 84-858.) (765 ILCS 420/2) (from Ch. 30, par. 802) Sec. 2. As used in this Act: “Beneficial interest” means any interest, regardless of how […]
(765 ILCS 425/0.01) (from Ch. 80, par. 80) Sec. 0.01. Short title. This Act may be cited as the Building Law Violation Ownership Disclosure Act. (Source: P.A. 86-1324.) (765 ILCS 425/1) (from Ch. 80, par. 81) Sec. 1. A trustee who pursuant to a trust instrument has title to but no beneficial interest in […]
(765 ILCS 430/0.01) (from Ch. 29, par. 8.30) Sec. 0.01. Short title. This Act may be cited as the Sale of Residential Property Subject to Land Trust Act. (Source: P.A. 86-1324.) (765 ILCS 430/1) (from Ch. 29, par. 8.31) Sec. 1. As used in this Act: “Land Trust” means any arrangement under which the […]
(765 ILCS 435/1) Sec. 1. Short title. This Act may be cited as the Land Trust Fiduciary Duties Act. (Source: P.A. 91-433, eff. 8-6-99.) (765 ILCS 435/5) Sec. 5. Legislative finding; purpose. (a) The General Assembly finds that the Illinois judiciary system and the federal judiciary system have unclear court decisions as to whether […]
