Illinois Compiled Statutes 205 Financial Regulation: Article -

• Illinois Trust and Payable on Death Accounts Act. - 205 ILCS 625, Section 1
  This Act may be cited as the "Illinois Trust and Payable on Death Accounts Act". (Source: P.A. 84-461.)
• Illinois Trust and Payable on Death Accounts Act. - 205 ILCS 625, Section 2
  Definitions. As used in this Act, the following words have the meanings ascribed to them as set forth herein: (a) "Institution" includes any bank as...
• Illinois Trust and Payable on Death Accounts Act. - 205 ILCS 625, Section 3
  Trust Account Incidents. If one or more persons opening or holding an account sign an agreement with the institution providing that the account shall be...
• Illinois Trust and Payable on Death Accounts Act. - 205 ILCS 625, Section 4
  Payable on Death Account Incidents. If one or more persons opening or holding an account sign an agreement with the institution providing that on the...
• Illinois Trust and Payable on Death Accounts Act. - 205 ILCS 625, Section 5
  Release. Any payments made by an institution in compliance with this Act prior to the receipt of notice of an adverse claim or a...
• Illinois Trust and Payable on Death Accounts Act. - 205 ILCS 625, Section 10
  Distribution by institution. Upon the death of the last surviving trustee or holder of the account, the institution that maintains the account shall distribute the...
• Illinois Trust and Payable on Death Accounts Act. - 205 ILCS 625, Section 15
  Application of amendments. Section 10 and the other changes to this Act made by this amendatory Act of the 96th General Assembly apply to all...

Last modified: February 18, 2015