760 ILCS 3/1103

760 ILCS 3/1103
in effect
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(760 ILCS 3/1103) Sec. 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%. (Source: P.A. 101-48, eff. 1-1-20; 102-279, eff. 1-1-22.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026