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Code · Illinois · Chapter 760 — TRUSTS AND FIDUCIARIES · Act 15

Sec. 13. Nonapportionment of proceeds.

40 words·~1 min read·/il/chapter-760/act-15/13

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Sec. 13. Nonapportionment of proceeds. Except to the extent provided in Section 8 and Section 10, no portion of the net proceeds of the sale or other disposition of property (whether nonproductive, underproductive, or productive) shall be allocated to income.
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