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Illinois Compiled Statutes 765 Property: Article -
Illinois Compiled Statutes 765 Property: Article -
Illinois Land Trustee as Creditor Act. - 765 ILCS 415, Section 0.01
Short title. This Act may be cited as the Land Trustee as Creditor Act. (Source: P.A. 86-1324.)
Illinois Land Trustee as Creditor Act. - 765 ILCS 415, Section 1
(a) The General Assembly finds: (1) For a number of years, the State of Illinois has recognized a real estate trust commonly known as...
Illinois Land Trustee as Creditor Act. - 765 ILCS 415, Section 2
If a debt is secured by a security interest in a beneficial interest in a land trust or by a mortgage on land trust...
Illinois Land Trustee as Creditor Act. - 765 ILCS 415, Section 3
The fact that a trustee of a land trust is or becomes a secured or unsecured creditor of the land trust, the beneficiaries of...
Illinois Land Trustee as Creditor Act. - 765 ILCS 415, Section 4
This Act applies to all security interests in a beneficial interest in land trusts and all mortgages on land trust property and to all...
Last modified: February 18, 2015