Illinois Compiled Statutes 765 ILCS 435 Land Trust Fiduciary Duties Act. Section 10

    (765 ILCS 435/10)

    Sec. 10. Holders of the power of direction; definition. "Holders of the power of direction" means the persons or entities having the authority to direct the trustee to convey, execute a mortgage, distribute proceeds of sale or financing, and execute documents incidental to the execution of a land trust.

(Source: P.A. 91-433, eff. 8-6-99.)

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Last modified: February 18, 2015