(760 ILCS 3/1207)
    Sec. 1207. Notice.
    (a) In this Section, a notice period begins on the day notice is given under subsection (c) and ends 59 days after the day notice is given.
    (b) Except as otherwise provided in this Article, an authorized fiduciary may exercise the decanting power without the consent of any person and without court approval.
    (c) Except as otherwise provided in subsection (f), an authorized fiduciary shall give notice in a record of the intended exercise of the decanting power not later than 60 days before the exercise to:
        (1) each settlor of the first trust, if living or
    
then in existence;
        (2) each qualified beneficiary of the first trust;
        (3) each holder of a presently exercisable power of
    
appointment over any part or all of the first trust;
        (4) each person that currently has the right to
    
remove or replace the authorized fiduciary;
        (5) each other fiduciary of the first trust;
        (6) each fiduciary of the second trust; and
        (7) the Attorney General's Charitable Trust Bureau,
    
if the first trust contains a charitable interest.
    (d) An authorized fiduciary is not required to give notice under subsection (c) to a qualified beneficiary who is a minor and has no representative. The authorized fiduciary is not required to give notice under subsection (c) to a person that is not known to the fiduciary or is known to the fiduciary but cannot be located by the fiduciary after reasonable diligence.
    (e) A notice under subsection (c) must:
        (1) specify the manner in which the authorized
    
fiduciary intends to exercise the decanting power;
        (2) specify the proposed effective date for exercise
    
of the power;
        (3) include a copy of the first-trust instrument;
    
and
        (4) include a copy of all second-trust instruments.
    (f) The decanting power may be exercised before expiration of the notice period under subsection (a) if all persons entitled to receive notice waive the period in a signed record.
    (g) The receipt of notice, waiver of the notice period, or expiration of the notice period does not affect the right of a person to file an application under Section 1209 with the court asserting that:
        (1) an attempted exercise of the decanting power is
    
ineffective because it did not comply with this Article or was an abuse of discretion or breach of fiduciary duty; or
        (2) Section 1222 applies to the exercise of the
    
decanting power.
    (h) An exercise of the decanting power is not ineffective because of the failure to give notice to one or more persons under subsection (c) if the authorized fiduciary acted with reasonable care to comply with subsection (c).
    (i) If the first trust contains a charitable interest and the Attorney General objects to the proposed exercise of the decanting power in writing delivered to the authorized fiduciary before the end of the notice period, the authorized fiduciary may proceed with the proposed exercise of the decanting power only with either court approval or the later written consent of the Attorney General.
(Source: P.A. 101-48, eff. 1-1-20.)