Illinois Compiled Statutes 760 ILCS 3/811 – Enforcement and defense of claims
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Illinois Compiled Statutes 760 ILCS 3/811
- Trustee: A person or institution holding and administering property in trust.
A trustee shall take reasonable steps to enforce claims of the trust and to defend claims against the trust. It may be reasonable for a trustee not to enforce a claim, not to defend an action, to settle an action, or to suffer a default, depending upon the likelihood of recovery and the cost of suit and enforcement.