Illinois Compiled Statutes 760 ILCS 5 Trusts and Trustees Act. Section 4.21

    (760 ILCS 5/4.21) (from Ch. 17, par. 1674.1)

    Sec. 4.21. To plant and harvest crops; to breed, raise, purchase and sell livestock; to lease land, equipment or livestock for cash or on shares, to purchase and sell, exchange or otherwise acquire or dispose of farm equipment and farm produce of all kinds; to make improvements, construct, repair, or demolish and remove any buildings, structures or fences, to engage agents, managers and employees and delegate powers to them; to engage in drainage and conservation programs; to terrace, clear, ditch and drain lands and install irrigation systems; to replace improvements and equipment; to fertilize and improve the soil; to engage in the growing, improvement, and sale of trees and other forest crops; to participate or decline to participate in governmental agricultural or land programs; and to perform such acts as the trustee deems appropriate, using such methods as are commonly employed by other farm owners in the community in which the farm property is located.

(Source: P.A. 82-354.)

Sections:  Previous  4.14  4.15  4.16  4.17  4.18  4.19  4.20  4.21  4.22  4.23  4.24  4.25  4.26  5  5.1  Next

Last modified: February 18, 2015