Illinois Compiled Statutes 215 ILCS 150/12 – No trustees or successor trustee shall serve for more than 3 …
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Terms Used In Illinois Compiled Statutes 215 ILCS 150/12
- Trustee: A person or institution holding and administering property in trust.
No trustees or successor trustee shall serve for more than 3 consecutive years unless he is reappointed by a majority of the beneficiaries.