Illinois § 2-4.5 Exemptions

Illinois Statutes

§ 2-4.5 — Exemptions

Illinois § 2-4.5

JurisdictionIllinois

TopicREGULATION

Ch. 205FINANCIAL REGULATION

Act 205 ILCS 620/Corporate Fiduciary Act.

Art.Article II - Certificate of Authority and Organization

This text of Illinois § 2-4.5 (Exemptions) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

205 Ill. Comp. Stat. 2-4.5 (2026).

Text

For the purposes of this Act, a person does not engage in the trust business by:

(1)the rendering of fiduciary services by an attorney-at-law admitted to the practice of law in this State;

(2)rendering services as a certified or registered public accountant in the performance of duties as such;

(3)acting as a trustee or receiver in bankruptcy;

(4)engaging in the business of an escrow agent;

(5)receiving rents and proceeds of sale as a licensed real estate broker on behalf of the principal;

(6)acting as trustee under a deed of trust made only as security for the payment of money or for the performance of another act;

(7)acting in accordance with its authorized powers as a religious, charitable, educational, or other not-for-profit corporation or as a charitable trust or as an unincor

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For the purposes of this Act, a person does not engage in the trust business by: (1) the rendering of fiduciary services by an attorney-at-law admitted to the practice of law in this State; (2) rendering services as a certified or registered public accountant in the performance of duties as such; (3) acting as a trustee or receiver in bankruptcy; (4) engaging in the business of an escrow agent; (5) receiving rents and proceeds of sale as a licensed real estate broker on behalf of the principal; (6) acting as trustee under a deed of trust made only as security for the payment of money or for the performance of another act; (7) acting in accordance with its authorized powers as a religious, charitable, educational, or other not-for-profit corporation or as a charitable trust or as an unincorporated religious organization; (8) engaging in securities transactions as a dealer or salesman; (9) acting as either a receiver under the supervision of a court or as an assignee for the benefit of creditors under the supervision of a court; or (10) engaging in such other activities that the Commissioner may prescribe by rule.