205 ILCS 620/1-4

205 ILCS 620/1-4
in effect
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(205 ILCS 620/1-4) (from Ch. 17, par. 1551-4) Sec. 1-4. Effect on existing corporate fiduciaries. With respect to any existing corporate fiduciary: (a) any existing certificate of authority shall continue in full force and effect except as provided in Section 1-3 of this Act; (b) all existing appointments in any fiduciary capacity and any existing contracts by such corporate fiduciary shall continue in full force and effect; and (c) no corporate fiduciary which holds a current and valid certificate of authority under this Act shall be required to submit an application to obtain a certificate of authority unless the certificate of authority of such corporate fiduciary subsequently shall have been relinquished or revoked and such corporate fiduciary thereafter seeks to again obtain a certificate of authority. (Source: P.A. 85-858.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026