Illinois Compiled Statutes > 765 ILCS 350 – Doctrine of Worthier Title Abolishment Act
Current as of: 2023 | Check for updates
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§ 0.01 | Short title |
§ 1 | Where a deed, will or other instrument purports to create any present … |
§ 2 | This Act shall apply only to instruments which become effective after … |
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Terms Used In Illinois Compiled Statutes > 765 ILCS 350 - Doctrine of Worthier Title Abolishment Act
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- Grantor: The person who establishes a trust and places property into it.
- Personal property: All property that is not real property.