§ 760 ILCS 3/701 Accepting or declining trusteeship
§ 760 ILCS 3/702 Trustee’s bond
§ 760 ILCS 3/703 Co-trustees
§ 760 ILCS 3/704 Vacancy in trusteeship; appointment of successor
§ 760 ILCS 3/705 Resignation of trustee
§ 760 ILCS 3/706 Removal of trustee
§ 760 ILCS 3/707 Delivery of property by former trustee
§ 760 ILCS 3/708 Compensation of trustee
§ 760 ILCS 3/709 Reimbursement of expenses
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Terms Used In Illinois Compiled Statutes > 760 ILCS 3 > Article 7 - Office of Trustee

  • 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
  • Fiduciary: A trustee, executor, or administrator.
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
  • Trustee: A person or institution holding and administering property in trust.