Illinois Statutes
§ 1221 — Need to distribute not required
Illinois·Topic RIGHTS AND REMEDIES·Ch. 760 TRUSTS AND FIDUCIARIES·Act 760 ILCS 3/ Illinois Trust Code.·Art. Article 12 - Trust Decanting
An authorized fiduciary may exercise the decanting power whether or not under the first trust's discretionary distribution standard the fiduciary would have made or could have been compelled to make a discretionary distribution of principal at the time of the exercise.
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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