§ 1006 — Reliance on trust instrument

Illinois § 1006

• Jurisdiction: Illinois
• Topic: RIGHTS AND REMEDIES
• Ch. 760: TRUSTS AND FIDUCIARIES
• Act 760 ILCS 3/: Illinois Trust Code.
• Art.: Article 10 - Liability of Trustees and Rights of Persons Dealing With Trustee

Text

A trustee who acts in reasonable reliance on the express language of the trust instrument is not liable to a beneficiary for a breach of trust to the extent the breach resulted from the reliance.

Legislative History

(Source: P.A. 101-48, eff. 1-1-20 .)