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Illinois Statutes Chapter 765. Property § 435/10. Holders of the power of direction; definition

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

§ 10. Holders of the power of direction; definition. “Holders of the power of direction” means the persons or entities having the authority to direct the trustee to convey, execute a mortgage, distribute proceeds of sale or financing, and execute documents incidental to the execution of a land trust.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 765. Property § 435/10. Holders of the power of direction; definition - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-765-property/il-st-sect-765-435-10/

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