Illinois
Chapter 765 — PROPERTY · Act 415
5 entries
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Sec. 0.01. Short title.
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Sec. 1. (a) The General Assembly finds:.
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Sec. 2. If a debt is secured by a security interest in a beneficial interest in a land trust or by a mortgage on land trust property, neither the validity or enforceabi.
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Sec. 3. The fact that a trustee of a land trust is or becomes a secured or unsecured creditor of the land trust, the beneficiaries of the land trust, or a third party w.
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Sec. 4. This Act applies to all security interests in a beneficial interest in land trusts and all mortgages on land trust property and to all debts secured thereby, wh.