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Code · Illinois · Chapter 765 — PROPERTY · Act 407

Sec. 5. Land trust beneficiary rights.

58 words·~1 min read·/il/chapter-765/act-407/5

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Sec. 5. Land trust beneficiary rights. If the identity of the trustee of a land trust has been changed by virtue of sale, assignment, appointment, or otherwise, but the beneficial owner or owners of the land trust remain unchanged, the rights of the beneficial owner or owners shall in no way be impaired by the change of trustees.
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