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Current as of January 01, 2025 | Updated by Findlaw Staff
§ 17. The principal and undistributed income of the trust created pursuant to Section 15 of this Act shall be paid to the seller if:
(1) the seller certifies by sworn affidavit to the trustee that the purchaser or the beneficiary named in the pre-need contract has deceased and that seller has fully delivered or installed all items included in the pre-need contract and fully performed all pre-need cemetery services he is required to perform under the pre-need contract; or
(2) the seller certifies by sworn affidavit to the trustee that seller has made full delivery, as defined herein.
Cite this article: FindLaw.com - Illinois Statutes Chapter 815. Business Transactions § 390/17. Trust funds; principal and undistributed income; payment to seller - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-815-business-transactions/il-st-sect-815-390-17/
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