760 ILCS 3/1221

Current through Public Act 103-1052
Section 760 ILCS 3/1221 - 1221

Need to distribute not required. An authorized fiduciary may exercise the decanting power whether or not under the first trust's discretionary distribution standard the fiduciary would have made or could have been compelled to make a discretionary distribution of principal at the time of the exercise.

760 ILCS 3/1221

Added by P.A. 101-0048,§ 1221, eff. 1/1/2020.