Illinois General Assembly - Illinois Compiled Statutes

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765 ILCS 1075/15

(765 ILCS 1075/15)

Sec. 15.

Transferability, descendability, and divisibility.

The rights
under
this Act are property rights that are freely transferable in whole or in part
to any person either by written transfer, including but not limited to wills
and trusts, or by intestate succession only to an individual's spouse, parents,
children, and grandchildren, except that the rights under this Act are not
subject to levy or attachment and may not be the subject of a security
interest.  Nothing in this Section limits the ability of any party to levy,
attach, or obtain a security interest in the  proceeds of the rights under this
Act or the proceeds of the exercise of those rights.

(Source: P.A. 90-747, eff. 1-1-99.)