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Illinois Statutes Chapter 765. Property § 415/3. Breach of fiduciary duty

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 3. The fact that a trustee of a land trust is or becomes a secured or unsecured creditor of the land trust, the beneficiaries of the land trust, or a third party whose debt to such creditor is guaranteed by a beneficiary of the land trust, shall not be a breach of, and shall not be deemed evidence of a breach of, any fiduciary duty owed by said trustee to the beneficiaries.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 765. Property § 415/3. Breach of fiduciary duty - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-765-property/il-st-sect-765-415-3/

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