760 ILCS 3/1221

760 ILCS 3/1221
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(760 ILCS 3/1221) Sec. 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. (Source: P.A. 101-48, eff. 1-1-20.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

Starting a business in Illinois? Illinois LLC guide: costs and requirements