Illinois Compiled Statutes 205 Financial Regulation: Article II - Certificate of Authority and Organization

• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 2-1
  (a) Any corporation which has been or shall be incorporated under the general corporation laws of this State for the purpose of accepting and...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 2-2
  (a) Whenever application shall be made to any court in this State for the appointment of any receiver, assignee, guardian, executor, administrator or other...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 2-3
  Corporate fiduciaries shall be entitled to and shall be allowed reasonable compensation for all the services performed by them under the provisions of this...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 2-4
  Certificate of authority. (a) It shall not be lawful for any person to engage in the trust business, after the effective date of this...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 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...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 2-5
  The application for a certificate of authority shall be filed with the Commissioner, signed by the president or vice president and attested by the...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 2-6
  Upon the filing of an application for a certificate of authority, the Commissioner shall cause to be made an investigation of the truth of...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 2-6.5
  Directors. (a) The business and affairs of a corporate fiduciary shall be managed by its board of directors, which shall exercise its powers in...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 2-7
  A corporate fiduciary so incorporated or authorized after January 1, 1988, shall have minimum capital as determined by the Commissioner as necessary for safe...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 2-8
  Collateralizing fiduciary assets. (a) A corporate fiduciary shall not be required and shall not have the power to collateralize or secure fiduciary funds except...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 2-9
  (Repealed). (Source: P.A. 85-858. Repealed by 89-364, eff. 8-18-95.)
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 2-10
  Every company may receive, by gift, legacy or otherwise, moneys or real or personal property, or the income or avails of such moneys or...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 2-11
  Retention of agents and advisors. A corporate fiduciary may hire and compensate, as an additional expense of the trust or estate, agents, advisors (including...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 2-12
  Reproductions of documents. Notwithstanding any other provision of law, if a corporate fiduciary possesses, records, or creates any document, memorandum, writing, entry, representation, or...
• Illinois Corporate Fiduciary Act. - 205 ILCS 620, Section 2-13
  Employment of persons with convictions. Except with the prior written consent of the Commissioner, no person having a certificate of authority under this Act...

Last modified: February 18, 2015