760 ILCS 3/1103

Current through Public Act 103-1052

Section 760 ILCS 3/1103 - Conversion by agreement

Conversion to a total return trust may be made by agreement between a trustee and all qualified beneficiaries. The agreement may include any actions a court could properly order under Section 1104 ; however, any distribution percentage determined by the agreement may not be less than 3% nor greater than 5%.

760 ILCS 3/1103

Amended by P.A. 102-0279,§ 10, eff. 1/1/2022.

Added by P.A. 101-0048,§ 1103, eff. 1/1/2020.