(760 ILCS 75/1) (from Ch. 17, par. 2051)
Sec. 1.
As used in this Act, unless the context otherwise requires:
(a) "Fiduciary" means a corporation qualified to administer trusts in
this State under "An Act to provide for and regulate the administration of
trusts by trust companies", approved June 15, 1887, as amended, or under
"An Act authorizing foreign corporations, including banks, and national
banking associations domiciled in other states, to act in a fiduciary
capacity in this State upon certain conditions herein set forth", approved
July 13, 1953, as amended, when acting either alone or as a co-fiduciary
with others in any of the following capacities, namely: testamentary
trustee, trustee appointed by any court, trustee under any written
agreement, declaration or instrument of trust, executor, administrator,
administrator to collect, guardian, agent, custodian, depositary, or any
like fiduciary capacity.
(b) "Security" means stocks, bonds, debentures, notes or other security of
a corporation, and all other instruments of a type commonly dealt in upon
securities exchanges or markets or commonly recognized in any area in which
it is issued or dealt in as a medium for investment.
(c) "Clearing corporation" means a corporation as defined in Article 8 of
the Uniform Commercial Code which is authorized to accept and execute trusts.
(Source: P.A. 84-1004.)
|