Illinois § 1108 Restrictions

Illinois Statutes

§ 1108 — Restrictions

Illinois § 1108

JurisdictionIllinois

TopicRIGHTS AND REMEDIES

Ch. 760TRUSTS AND FIDUCIARIES

Act 760 ILCS 3/Illinois Trust Code.

Art.Article 11 - Total Return Trusts

This text of Illinois § 1108 (Restrictions) 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

760 Ill. Comp. Stat. 1108 (2026).

Text

Conversion to a total return trust does not affect any provision in the trust instrument:

(1)directing or authorizing the trustee to distribute principal;

(2)directing or authorizing the trustee to distribute a fixed annuity or a fixed fraction of the value of trust assets;

(3)authorizing a beneficiary to withdraw a portion or all of the principal; or (4) in any manner that would diminish an amount permanently set aside for charitable purposes under the trust instrument unless both income and principal are so set aside.

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Conversion to a total return trust does not affect any provision in the trust instrument: (1) directing or authorizing the trustee to distribute principal; (2) directing or authorizing the trustee to distribute a fixed annuity or a fixed fraction of the value of trust assets; (3) authorizing a beneficiary to withdraw a portion or all of the principal; or (4) in any manner that would diminish an amount permanently set aside for charitable purposes under the trust instrument unless both income and principal are so set aside.