Translate
Illinois Compiled Statutes - Full Text
Illinois Compiled Statutes (ILCS)
Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.
Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.
(755 ILCS 5/24-2) (from Ch. 110 1/2, par. 24-2)
Sec. 24-2.
Notice of accounting - effect.) Notice of the hearing
on any account of a representative of a decedent's estate shall be given
as the court directs to unpaid creditors and to all other interested
persons. If the account is approved by the court upon the hearing, in the
absence of fraud, accident or mistake, the account as approved is binding
upon all persons to whom the notice was given. No notice, however, shall
be required under this Section either (a) to any person
from whom a receipt in full is exhibited to the court or who waives
notice, or (b) whenever a trustee of a trust is an interested person, to any
beneficiary of the trust by reason of the beneficiary's interest in the
trust, but a trustee given notice of an account under this Section shall be
liable to the trust beneficiaries for any breach of fiduciary duty by the
trustee in connection with the account.
(Source: P.A. 85-994.)
|