Illinois Compiled Statutes 815 ILCS 10/12 – Application of Act
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Terms Used In Illinois Compiled Statutes 815 ILCS 10/12
- 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
This Act applies to registrations of securities in beneficiary form made before, on, or after the effective date of this Act, by decedents dying on or after the effective date.