Collateral Assignment of Beneficial Interest

735 ILCS 5/15-1202
in effect
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(735 ILCS 5/15-1202) (from Ch. 110, par. 15-1202) Sec. 15-1202. Collateral Assignment of Beneficial Interest. "Collateral assignment of beneficial interest" means any pledge or assignment of the beneficial interest in a land trust to any person to secure a debt or other obligation. (Source: P.A. 84-1462.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

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