Illinois Statutes
§ 1227 — Obligations
Illinois·Topic RIGHTS AND REMEDIES·Ch. 760 TRUSTS AND FIDUCIARIES·Act 760 ILCS 3/ Illinois Trust Code.·Art. Article 12 - Trust Decanting
A debt, liability, or other obligation enforceable against property of a first trust is enforceable to the same extent against that property when held by the second trust after exercise of the decanting power.
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Illinois § 1227 (Obligations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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