(205 ILCS 620/2-4.5)
Sec. 2-4.5.
Exemptions.
For the purposes of this Act, a person does not
engage in the trust business by:
(1) the rendering of fiduciary services by an attorney-at-law admitted to
the
practice of law in this State;
(2) rendering services as a certified or registered public accountant in the
performance of duties as such;
(3) acting as a trustee or receiver in bankruptcy;
(4) engaging in the business of an escrow agent;
(5) receiving rents and proceeds of sale as a licensed real estate broker on
behalf of the principal;
(6) acting as trustee under a deed of trust made only as security for the
payment of money or for the performance of another act;
(7) acting in accordance with its authorized powers as a religious,
charitable, educational, or other not-for-profit corporation or as a charitable
trust or as an unincorporated religious organization;
(8) engaging in securities transactions as a dealer or salesman;
(9) acting as either a receiver under the supervision of a court or as
an assignee for the benefit of creditors under the supervision of a court;
or
(10) engaging in such other activities that the Commissioner may prescribe
by
rule.
(Source: P.A. 89-364, eff. 8-18-95.)
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