Illinois § 1407 Vesting of any limitation of property

Illinois Statutes

§ 1407 — Vesting of any limitation of property

Illinois § 1407

JurisdictionIllinois

TopicRIGHTS AND REMEDIES

Ch. 760TRUSTS AND FIDUCIARIES

Act 760 ILCS 3/Illinois Trust Code.

Art.Article 14 - Perpetuities

This text of Illinois § 1407 (Vesting of any limitation of property) 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. 1407 (2026).

Text

(a)This Section may be referred to as the Perpetuities Vesting Law.

(b)The vesting of any limitation of property, whether created in the exercise of a power of appointment or in any other manner, shall not be regarded as deferred for purposes of the rule against perpetuities merely because the limitation is made to the estate of a person or to a personal representative, or to a trustee under a will, or to take effect on the probate of a will.

(c)This Section applies only to limitations created after July 1, 1952.

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(a) This Section may be referred to as the Perpetuities Vesting Law. (b) The vesting of any limitation of property, whether created in the exercise of a power of appointment or in any other manner, shall not be regarded as deferred for purposes of the rule against perpetuities merely because the limitation is made to the estate of a person or to a personal representative, or to a trustee under a will, or to take effect on the probate of a will. (c) This Section applies only to limitations created after July 1, 1952.