(760 ILCS 5/10) (from Ch. 17, par. 1680)
Sec. 10. Majority of Trustees to Act. If there are 3 or more trustees of a trust, a majority of the trustees are competent to act in all cases after prior written notice to, or written waiver of notice by, each other trustee, but a dissenting trustee has no liability for the acts of the majority.
(Source: P.A. 78-625.)
Sections: Previous 5.2 5.3 5.5 6 7 8 9 10 11 12 13 14 15 15.1 15.2 Next
Last modified: February 18, 2015