Illinois Compiled Statutes > 765 ILCS 407 – Land Trust Beneficiary Rights Act
Current as of: 2024 | Check for updates
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§ 765 ILCS 407/1 | Short title |
§ 765 ILCS 407/5 | Land trust beneficiary rights |
§ 765 ILCS 407/10 | Change of trustee not a bar or defense to litigation |
Terms Used In Illinois Compiled Statutes > 765 ILCS 407 - Land Trust Beneficiary Rights Act
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Fiduciary: A trustee, executor, or administrator.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Summons: Another word for subpoena used by the criminal justice system.
- sworn: shall be construed to include the word "affirmed. See Illinois Compiled Statutes 5 ILCS 70/1.12
- Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
- Trustee: A person or institution holding and administering property in trust.