(205 ILCS 620/1-2) (from Ch. 17, par. 1551-2)
Sec. 1-2.
Policy of Act.
The General Assembly finds
that corporate fiduciaries perform a vital service in the
administration of trusts, guardianship, receiverships, estates
and other fiduciary capacities; that it is in the public
interest that prior to accepting any fiduciary appointment, a
corporate fiduciary meet minimum qualifications with respect to
financial capacity as well as managerial competence and
integrity; that the operation of a corporate fiduciary is
impressed with a public interest such that it should be
supervised as an activity affecting the general welfare of the
people of the State of Illinois; and that a corporate fiduciary
should obtain its authority, conduct its operations and be
supervised as provided in this Act.
(Source: P.A. 90-655, eff. 7-30-98.)
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