Purpose

760 ILCS 3/1402
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(760 ILCS 3/1402) Sec. 1402. Purpose. This Article modifies the common law rule of property known as the rule against perpetuities, that, except as modified by statutes in force at the effective date of this Article and by this Article, shall remain in full force and effect. (Source: P.A. 101-48, eff. 1-1-20.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

Starting a business in Illinois? Illinois LLC guide: costs and requirements