Illinois Statutes

§ 307 — Designated representative

Illinois·Topic RIGHTS AND REMEDIES·Ch. 760 TRUSTS AND FIDUCIARIES·Act 760 ILCS 3/ Illinois Trust Code.·Art. Article 3 - Representation
(a)If specifically nominated in the trust instrument, one or more individuals with legal capacity may be designated to represent and bind an individual who is a qualified beneficiary. The trust instrument may also authorize any person or persons, other than a trustee of the trust, to designate one or more individuals with legal capacity to represent and bind an individual who is a qualified beneficiary. Any person so nominated or designated is referred to in this Section as a "designated representative".
(b)Notwithstanding subsection (a):
(1)A designated representative may not represent and bind a current beneficiary who is age 30 or older and is not incapacitated.
(2)A designated representative may not represent and bind a qualified beneficiary while the designated representative is s

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Legislative History

(Source: P.A. 101-48, eff. 1-1-20 .)

Nearby Sections

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