Home/Illinois/Statutes/Topic: RIGHTS AND REMEDIES/Ch. 760: TRUSTS AND FIDUCIARIES/Act 760 ILCS 3/: Illinois Trust Code./Art.: Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts/§ 507
Illinois Statutes

§ 507 — Personal obligations of trustee

Illinois § 507
JurisdictionIllinois
TopicRIGHTS AND REMEDIES
Ch. 760TRUSTS AND FIDUCIARIES
Act 760 ILCS 3/Illinois Trust Code.
Art.Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts

This text of Illinois § 507 (Personal obligations of trustee) 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. 507 (2026).

Text

Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.

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Legislative History

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

Nearby Sections

9
§ 501
Rights of beneficiary's creditor or assignee
§ 502
Spendthrift provision
§ 503
Exceptions to spendthrift provision
§ 504
Discretionary distributions; effect of standard
§ 505
Creditor's claim against settlor
§ 506
Overdue distribution
§ 507
Personal obligations of trustee
§ 508
Lapse of power to withdraw
§ 509
Trust for beneficiary with a disability
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Bluebook (online)
Illinois § 507, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/760/507.