Illinois Statutes
§ 11-78-3
Illinois § 11-78-3
JurisdictionIllinois
TopicGOVERNMENT
Ch. 65MUNICIPALITIES
Act 65 ILCS 5/Illinois Municipal Code.
Art.Art 11 prec Div 75 - Lease, Sale and Transfer Of Public Property
This text of Illinois § 11-78-3 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
65 Ill. Comp. Stat. 11-78-3 (2026).
Text
If real or personal estate is under the control of trustees, appointed or elected by virtue of any general or special law of this state, when it is conveyed as specified in Section 11-78-1, the duties of those trustees in relation thereto shall cease, and they shall immediately settle and adjust all matters relating to the trust estate and make a report to the proper authority of their acts. Upon the approval of this report the trustees shall be released and discharged from the further performance of duty in that behalf. All money which may remain in the municipal treasury to the credit of any fund connected with the use of such real or personal estate, while so held by the municipality, shall be used by the municipality for any lawful corporate purpose.
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Legislative History
(Source: Laws 1961, p. 576.)
Nearby Sections
15
§ 11
§ 11§ 11-1-1
§ 11-1-1§ 11-1-10
§ 11-1-10§ 11-1-12
Quotas prohibited§ 11-1-13
Automated external defibrillators§ 11-1-14
Mental health specialists; police§ 11-1-2.1
§ 11-1-2.1§ 11-1-3
§ 11-1-3§ 11-1-5
§ 11-1-5§ 11-1-5.1
§ 11-1-5.1§ 11-1-6
§ 11-1-6§ 11-1-7
§ 11-1-7§ 11-1-8
§ 11-1-8Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 11-78-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/65/11-78-3.