Illinois § 812

Illinois Statutes

§ 812

Illinois § 812

JurisdictionIllinois

TopicRIGHTS AND REMEDIES

Ch. 760TRUSTS AND FIDUCIARIES

Act 760 ILCS 3/Illinois Trust Code.

Art.Article 8 - Duties and Powers of Trustee

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Bluebook

760 Ill. Comp. Stat. 812 (2026).

Text

Powers and duties of successor; liability for acts of predecessor; approval of accounts.

(a)A successor trustee shall have all the rights, powers, and duties that are granted to or imposed on the predecessor trustee.

(b)A successor trustee is under no duty to inquire into the acts or doings of a predecessor trustee, and is not liable for any act or failure to act of a predecessor trustee.

(c)With the approval of a majority in interest of the beneficiaries then entitled to receive or eligible to have the benefit of the income from the trust, a successor trustee may accept the account rendered by, and the property received from, the predecessor trustee as a full and complete discharge of the predecessor trustee without incurring any liability.

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Powers and duties of successor; liability for acts of predecessor; approval of accounts. (a) A successor trustee shall have all the rights, powers, and duties that are granted to or imposed on the predecessor trustee. (b) A successor trustee is under no duty to inquire into the acts or doings of a predecessor trustee, and is not liable for any act or failure to act of a predecessor trustee. (c) With the approval of a majority in interest of the beneficiaries then entitled to receive or eligible to have the benefit of the income from the trust, a successor trustee may accept the account rendered by, and the property received from, the predecessor trustee as a full and complete discharge of the predecessor trustee without incurring any liability.