Illinois Compiled Statutes 765 ILCS 410/2 – A land trust agreement may provide that the trustee, when directed to …
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Terms Used In Illinois Compiled Statutes 765 ILCS 410/2
- Trustee: A person or institution holding and administering property in trust.
A land trust agreement may provide that the trustee, when directed to do so by the beneficiaries of the trust or their legal representatives, may convey the trust property directly to another trustee on behalf of said beneficiaries, or others named by said beneficiaries.