- 15 - deficiency * * * or by and with the full descriptive name of the fiduciary entitled to institute a case on behalf of such person. See Rule 23(a)(1).” Rule 60(c) states that the capacity of a fiduciary or other representative to litigate in the Court “shall be determined in accordance with the law of the jurisdiction from which such person’s authority is derived.” The record shows that Illinois State law is controlling in this case. Under Illinois law, only the trustee14 is authorized to commence litigation on behalf of a trust. 760 Ill. Comp. Stat. Ann. 5/4.11 (West 1992).15 In this respect, the Illinois Trusts and Trustees Act does not grant the power to sue on behalf of a trust to a director, a fiduciary, or any other legal representative. See Restatement, Trusts 2d, sec. 16A (1959) (“The officers and directors of a corporation, although they are fiduciaries, are not trustees.”). In the present case, Adorno 14 For purposes of the Ill. Trusts and Trustees Act, see 760 Ill. Comp. Stat. Ann. 5/1 (West 1992), a “trust” means a trust created by agreement, declaration or other written instrument. 760 Ill. Comp. Stat. Ann. 5/2(1) (West 1992). Thus, the Ill. Trusts and Trustees Act is applicable to a business trust. See id. at 5/4.23. A “trustee” is defined as “the trustee or any successor or added trustee of the trust, whether appointed by or pursuant to the instrument creating the trust, by order of court or otherwise”. 760 Ill. Comp. Stat. Ann. 5/2(2) (West 1992). 15 See Pierce v. Chester Johnson Elec. Co., 454 N.E.2d 55, 57 (Ill. App. Ct. 1983) (trustees possess a specific statutory power to sue in a representative capacity on behalf of a trust); see also United States ex rel. Mosay v. Buffalo Bros. Mgmt., 20 F.3d 739, 742 (7th Cir. 1994) (“a trustee is the one who has the legal right to sue”).Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Next
Last modified: May 25, 2011