Illinois Statutes
§ 1209 — Court involvement
Illinois·Topic RIGHTS AND REMEDIES·Ch. 760 TRUSTS AND FIDUCIARIES·Act 760 ILCS 3/ Illinois Trust Code.·Art. Article 12 - Trust Decanting
(a)On application of an authorized fiduciary, a person entitled to notice under Section 1207(c), a beneficiary, or, with respect to a charitable interest, the Attorney General or any other person that has standing to enforce the charitable interest, the court may:
(1)provide instructions to the authorized fiduciary regarding whether a proposed exercise of the decanting power is permitted under this Article and consistent with the fiduciary duties of the authorized fiduciary;
(2)appoint a special fiduciary and authorize the special fiduciary to determine whether the decanting power should be exercised under this Article and to exercise the decanting power;
(3)approve an exercise of the decanting power;
(4)determine that a proposed or attempted exercise of the decanting power is ineffec
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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