Sec. 2. Notwithstanding any exculpatory provision in the trust instrument or management agreement, a trustee, managing agent or any other person who violates this Act s.
41 words·~1 min read·
/il/chapter-765/act-425/2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 2. Notwithstanding any exculpatory provision in the trust instrument or management agreement, a trustee, managing agent or any other person who violates this Act shall be guilty of a petty offense and fined $100 for each day of such violation.