Illinois Statutes
§ 1206 — Reasonable reliance
Illinois·Topic RIGHTS AND REMEDIES·Ch. 760 TRUSTS AND FIDUCIARIES·Act 760 ILCS 3/ Illinois Trust Code.·Art. Article 12 - Trust Decanting
A trustee or other person that reasonably relies on the validity of a distribution of part or all of the property of a trust to another trust, or a modification of a trust, under this Article, law of this State other than this Article or the law of another jurisdiction is not liable to any person for any action or failure to act as a result of the reliance.
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Legislative History
(Source: P.A. 101-48, eff. 1-1-20 .)
Nearby Sections
15
§ 1201
Article title§ 1202
Definitions§ 1203
Scope§ 1204
Fiduciary duty§ 1206
Reasonable reliance§ 1207
Notice§ 1208
(Reserved)§ 1209
Court involvement§ 1210
Formalities