Illinois Compiled Statutes 760 ILCS 3/801 – Duty to administer trust
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Terms Used In Illinois Compiled Statutes 760 ILCS 3/801
- Trustee: A person or institution holding and administering property in trust.
Upon acceptance of a trusteeship, the trustee shall administer the trust in good faith, in accordance with its purposes and the terms of the trust, and in accordance with this Code.