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Illinois Compiled Statutes - Full Text
Illinois Compiled Statutes (ILCS)
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(760 ILCS 3/1223)
Sec. 1223. Trust for care of animal. (a) In this Section:
(1) "Animal trust" means a trust or an interest in a | ||
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(2) "Protector" means a person described in | ||
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(b) The decanting power may be exercised over an animal trust that has a protector to the extent the trust could be decanted under this Article as if each animal that benefits from the trust were an individual, if the protector consents in a signed record to the exercise of the decanting power.
(c) A protector for an animal has the rights under this Article of a qualified beneficiary.
(d) Notwithstanding any other provision of this Article, if a first trust is an animal trust, in an exercise of the decanting power, the second trust must provide that trust property may be applied only to its intended purpose for the period the first trust benefited the animal.
(Source: P.A. 101-48, eff. 1-1-20.) |