Illinois Compiled Statutes 760 ILCS 3/1110 – Releases
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Terms Used In Illinois Compiled Statutes 760 ILCS 3/1110
- individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
- Trustee: A person or institution holding and administering property in trust.
A trustee may irrevocably release the power granted by this Article if the trustee reasonably believes the release is in the best interests of the trust and its beneficiaries. The release may be personal to the releasing trustee or may apply generally to some or all subsequent trustees, and the release may be for any specified period, including a period measured by the life of an individual.