Illinois § 5-10.5 Disclosure of records

Illinois Statutes

§ 5-10.5 — Disclosure of records

Illinois § 5-10.5

JurisdictionIllinois

TopicREGULATION

Ch. 205FINANCIAL REGULATION

Act 205 ILCS 620/Corporate Fiduciary Act.

Art.Article V - Supervision of Corporate Fiduciaries and Powers of the Commissioner

This text of Illinois § 5-10.5 (Disclosure of records) 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. 5-10.5 (2026).

Text

A corporate fiduciary may not disclose to any person, except to the customer or the customer's duly authorized agent, any records pertaining to the fiduciary relationship between the corporate fiduciary and the customer unless:

(1)the instrument or court order establishing the fiduciary relationship permits the record to be disclosed under the circumstances;

(2)applicable law authorizes the disclosure;

(3)disclosure by the corporate fiduciary is necessary to perform a transaction or act that is authorized by the instrument or court order establishing the fiduciary relationship; or (4) Section 48.1 of the Illinois Banking Act would permit a bank to disclose the record to the same extent under the circumstances. For purposes of this Section, "customer" means the person or individual who c

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A corporate fiduciary may not disclose to any person, except to the customer or the customer's duly authorized agent, any records pertaining to the fiduciary relationship between the corporate fiduciary and the customer unless: (1) the instrument or court order establishing the fiduciary relationship permits the record to be disclosed under the circumstances; (2) applicable law authorizes the disclosure; (3) disclosure by the corporate fiduciary is necessary to perform a transaction or act that is authorized by the instrument or court order establishing the fiduciary relationship; or (4) Section 48.1 of the Illinois Banking Act would permit a bank to disclose the record to the same extent under the circumstances. For purposes of this Section, "customer" means the person or individual who contracted to establish the fiduciary relationship or who executed any instrument or document from which the fiduciary relationship was established, a person authorized by the customer to provide such direction or, if the instrument, law, or court order so permits, the beneficiaries of the fiduciary relationship.