Illinois Compiled Statutes 760 ILCS 3/407 – Evidence of oral trust
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Illinois Compiled Statutes 760 ILCS 3/407
- 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.
- Statute: A law passed by a legislature.
Except as required by a statute other than this Code, a trust need not be evidenced by a trust instrument, but the creation of an oral trust and its terms may be established only by clear and convincing evidence.