reglab/housing_qa huggingface dataset:
755 ILCS 5/20-22
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XX - Administration Of Real Estate

 (from Ch. 110 1/2, par. 20-22)Sec. 20-22.         Assent to sale free of ward's interest.)  When any court in this State is  about to order the sale of real estate in which a ward has an estate of  homestead or any other  interest, the representative may assent in writing on behalf of the sale  of the homestead or  other interest of the ward pursuant to the direction of the court by which  the representative  was appointed.  On the filing of the assent in the court in which the proceeding  for the sale  of the real estate is pending, that court may order the sale of the real estate  free of the homestead or other interest of the ward, but the court shall  ascertain the value of the homestead or other interest and order that a  sum of money equal  to the gross value of the homestead or other interest be paid from the proceeds  of the sale  to the representative, less any portion of the costs equitably chargeable  to the ward's interest.    (Source: P.A. 79-328.)
755 ILCS 5/20-23
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XX - Administration Of Real Estate

 (from Ch. 110 1/2, par. 20-23)Sec. 20-23.         Representative may be authorized to pay taxes.)  When it appears  to the  court that it is for the interest of any estate being administered in that  court that the taxes  on real estate forming a part of the estate not in possession of the  representative  under  Section 20-1 be paid, the court may authorize the representative to pay taxes  from any  money on hand.    (Source: P.A. 79-328.)
755 ILCS 5/20-24
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XX - Administration Of Real Estate

(755 ILCS 5/20-24) (from Ch. 110 1/2, par. 20-24)Sec. 20-24.     Notice of probate - Recorder's filing.     (a) If a decedent's  estate in supervised or independent administration includes an interest  in real estate that is not sold or conveyed by the representative during  administration, the representative shall sign and record a notice of probate.  The notice shall include the decedent's name, address and date of death,  the legal description and street address (if any) of the real estate, the  court name and case number to identify the estate, the date the representative  was appointed, and the representative's name and address.  The notice shall  be recorded in the county where the real estate is located before the representative  is discharged.(b) Any heir or legatee who claims title to an interest in real estate  from a decedent for whose estate no notice has been recorded under subsection  (a) of this Section (or any successor in interest to such an heir or legatee)  may record a notice of probate in substantially the same form as that required  in subsection (a).(c) A representative acting under independent administration may combine  in one instrument the notice of probate and release as provided in Section 28-10.    (Source: P.A. 85-376.)
755 ILCS 5/Art. XXI heading
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 ARTICLE XXI  INVESTMENTS BY REPRESENTATIVE
755 ILCS 5/21-1
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-1)Sec. 21-1.         Investments - decedent's estate.)  In addition to any investments  which a decedent may authorize his executor to make by the terms of his will, the  representative of his estate, in his discretion, may invest money of the estate of a  decedent in any one or more of the investments specified in Sections 21-1.01  through 21-1.07.    (Source: P.A. 84-494.)
755 ILCS 5/21-1.01
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-1.01)Sec. 21-1.01.         Direct obligations of the United States or any instrumentality or agency  thereof or obligations fully guaranteed by the United States, or any instrumentality  or agency thereof, if the maturity date of the obligations is no longer than 5 years  from the date of purchase.    (Source: P.A. 79-328.)
755 ILCS 5/21-1.02
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-1.02)Sec. 21-1.02.         Obligations of a local public agency (as defined in Section  110(h) of the  federal Housing Act of 1949) or of a public housing agency (as defined in the federal  Housing Act of 1937, as amended) which have a maturity of not more than  18 months if such  obligations are secured by an agreement between the obligor agency and the Secretary of  Housing and Urban Development in which the agency agrees to borrow from the Secretary,  and the Secretary agrees to lend to the agency, prior to the maturity of  such obligations,  money in an amount which (together with any other money irrevocably committed to the  payment of interest on such obligations) will suffice to pay the principal of such  obligations with interest to maturity, which money under the terms of the agreement is  required to be used for that purpose.    (Source: P.A. 79-328.)
755 ILCS 5/21-1.03
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-1.03)Sec. 21-1.03.         Savings accounts or certificates of deposit of a state bank  or a national  bank doing business in Illinois to the extent that the deposits are insured by the  United States or any agency thereof, even though the bank of deposit is  the representative  of the estate, but this authority does not affect the power of a representative  to establish a checking account or continue in his or the decedent's  name a decedent's savings deposit, time certificate of deposit or  checking account in any amount.    (Source: P.A. 79-328.)
755 ILCS 5/21-1.04
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-1.04)Sec. 21-1.04.         Withdrawable capital accounts, deposits, investment certificates  or certificates of deposit of a state savings and loan association or a  federal savings and loan association doing business in this State to the  extent that such accounts, deposits or certificates are insured by the United  States or any agency thereof.    (Source: P.A. 81-403.)
755 ILCS 5/21-1.05
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-1.05)Sec. 21-1.05.         Interests in one or more common trust funds, as  defined in and from time to time established, maintained and  administered pursuant to the Common Trust Fund Act, the investments of  which are not restricted to the investments otherwise  authorized for representatives by Sections 21-1.01 through 21-1.04 and 21-1.06  of this Act, provided that the investment in such common trust fund  meets the standard of the prudent person rule for the investment  of trust funds; and provided further that in the case of an administrator,  the approval of the court, by written order, be first obtained.    (Source: P.A. 84-494.)
755 ILCS 5/21-1.05a
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-1.05a)Sec. 21-1.05a.         Interests in any open-end registered investment company  registered under the federal Investment Company Act of 1940, provided that  the portfolio of any such company is limited to securities and investments  authorized for investment by representatives in Sections 21-1.01 through  21-1.06 of this Act and to agreements to repurchase such obligations, which  agreements, with respect to principal and interest are (1) at least 100%  collateralized by such obligations marked to market on a daily basis, and  (2) the investment company takes delivery of such obligations either  directly or through an independent custodian.  To the extent that such  investment company engages in when issued or delayed  delivery transactions, it may do so only as a part of its normal security  acquisition practices and not as a means of speculating on interest rates.    (Source: P.A. 85-639.)
755 ILCS 5/21-1.06
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-1.06)Sec. 21-1.06.         Any other investments authorized by a court  of competent jurisdiction or which from time to time have been or may  be expressly declared by the General Assembly to be legal investments by representatives  of decedents' estates.    (Source: P.A. 79-328.)
755 ILCS 5/21-1.07
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-1.07)Sec. 21-1.07.         Interests in any open-end or closed-end management type  investment company or investment trust (hereafter referred to as a "mutual  fund") registered under the  Investment Company Act of 1940, the investments of which are not restricted to  the investments otherwise authorized for representatives in  Sections  21-1.01 through 21-1.06 of this Act, including without limitation a mutual  fund that receives services from or pays fees to the representative or its  affiliate, provided that the investment in the mutual fund or funds meets the  standard of the prudent investor rule for the investment of trust funds.  A representative or its affiliate is not required to reduce or waive  its compensation for services provided in connection with the investment and  administration of the estate because the representative invests, reinvests, or  retains estate assets in a mutual fund for which it or its affiliate  provides services and receives compensation, if the total compensation  paid by the estate as fees of the representative and mutual fund fees,  including  any advisory or management fees, is reasonable. However, a  representative may receive fees equal to the amount of those fees  that would be paid to any other party under Securities and Exchange Commission  Rule 12b-1.    (Source: P.A. 89-344, eff. 8-17-95.)
755 ILCS 5/21-2
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2)Sec. 21-2.     Investments; ward's estate.(a) It is the duty of the  representative to invest the ward's money.  A representative is chargeable  with interest at a rate equal to the rate on 90-day United  States Treasury Bills upon any money that the representative  wrongfully or negligently allows to remain uninvested after it  might have been invested.  Reasonable sums of money retained uninvested  by the representative in order to pay for the current or imminent expenses  of the ward shall not be considered wrongfully or negligently uninvested.(b) Upon receiving the approval of the court, a representative may hold  any investments,  or any increase thereof, received by the representative at the time  of the representative's appointment  or acquired by the ward,  although the investment is not otherwise authorized under this Act, and  the court has power  to direct the representative in connection therewith.(c) A representative may invest only in the types of  property specified in Sections 21-2.01 through 21-2.15.    (Source: P.A. 90-796, eff. 12-15-98.)
755 ILCS 5/21-2.01
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2.01)Sec. 21-2.01.     Obligations of the United States.     (Source: P.A. 84-494.)
755 ILCS 5/21-2.02
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2.02)Sec. 21-2.02.         Obligations of which both the principal and interest are  guaranteed unconditionally by the United States.    (Source: P.A. 84-494.)
755 ILCS 5/21-2.03
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2.03)Sec. 21-2.03.         Obligations of any corporation wholly owned, directly or  indirectly, by the United States or any agency or instrumentality of the  United States.    (Source: P.A. 84-494.)
755 ILCS 5/21-2.04
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2.04)Sec. 21-2.04.     Insured accounts, deposits, and certificates.       Withdrawable capital accounts, deposits,  investment certificates or certificates of deposit of state and federal  savings and loan associations but, unless otherwise authorized by a court  of competent jurisdiction, only to the extent that the accounts, deposits  or certificates are insured by the United States or any of its agencies, and  share accounts in federal and state credit unions if the  credit unions are insured by the National Credit Union Administration.  Amounts invested in a savings and loan association in excess of the amount  insured by the United States or any of its agencies shall be  secured by a surety bond taken from a surety authorized to transact  business in this State in such sum, under such conditions, and with such  security sufficient to save the estate from loss.    (Source: P.A. 90-796, eff. 12-15-98.)
755 ILCS 5/21-2.05
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2.05)Sec. 21-2.05.     Municipal bonds.     Instruments providing for the payment of money executed by or on behalf of any  state of the United States or the District of Columbia or any governmental  entity organized by or under the laws of any state of the United States or the  District of Columbia, to carry out a public governmental or proprietary  function, acting through its corporate authorities, or that any governmental  entity has assumed or agreed to pay and that, at the time of investment, have  been given one of the top 4 rating grades by a nationally recognized rating  service.    (Source: P.A. 90-796, eff. 12-15-98.)
755 ILCS 5/21-2.06
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2.06)Sec. 21-2.06.         Savings and time deposit certificates of a state bank  or a national bank doing business in this State but, unless otherwise  authorized by a court of competent jurisdiction, only to the extent that such  deposits are insured by the United States or any agency thereof, even  though the bank of deposit is the representative of the ward's estate.  Amounts  deposited in savings and time deposit certificates of such bank in excess  of the amount insured by the United States or any agency thereof shall be  secured by a surety bond taken from a surety authorized to transact business  in this State in such sum, under such conditions and with such security  sufficient to save the estate from loss.    (Source: P.A. 83-1445.)
755 ILCS 5/21-2.07
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2.07)Sec. 21-2.07.     Notes secured by real estate.     All of the notes secured by  a first mortgage or trust deed upon improved or income producing real  estate situated in this State and not exceeding two-thirds of the  value thereof at the time of the investment.    (Source: P.A. 90-796, eff. 12-15-98.)
755 ILCS 5/21-2.08
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2.08)Sec. 21-2.08.     Corporate obligations.     Obligations of any company  incorporated under the  laws of the United States or of any state of the United States or the  District of Columbia that, at the time of investment, have been given one  of the top 4 rating grades by a nationally recognized rating service.    (Source: P.A. 90-796, eff. 12-15-98.)
755 ILCS 5/21-2.09
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2.09)Sec. 21-2.09.     (Repealed).     (Source: P.A. 79-328.  Repealed by P.A. 90-796, eff. 12-15-98.)
755 ILCS 5/21-2.10
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2.10)Sec. 21-2.10.         Real estate located in any state of the United  States or the District of Columbia.    (Source: P.A. 79-328.)
755 ILCS 5/21-2.11
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2.11)Sec. 21-2.11.     Life, endowment, or annuity policies.     Life, endowment, or  annuity policies on the life of the ward, or on the life of any person in whose  life the ward has an insurable interest, if the ward is the beneficiary, when  the policies are issued by companies, associations or fraternal organizations  that, at the time of investment, have been given one of the top 4 rating grades  by a nationally recognized rating service.  The order may authorize the  payment of annual premiums without further application to the court.    (Source: P.A. 90-796, eff. 12-15-98; 91-357, eff. 7-29-99.)
755 ILCS 5/21-2.12
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2.12)Sec. 21-2.12.     Stock.     Shares of any corporation  with a market capitalization of over $200,000,000 if the shares are listed and  registered on an exchange registered with the Securities and Exchange  Commission as a national securities exchange or an electronic securities  quotation system regulated by the Securities and Exchange Commission.No investment in shares of a corporation may be made under this Section  that, at the time such investment is made, would cause the market  value of all stock held in the ward's estate to exceed two-thirds of the  market value of the estate then held by the representative.    (Source: P.A. 90-796, eff. 12-15-98.)
755 ILCS 5/21-2.13
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2.13)Sec. 21-2.13.     Common trust funds.     Interests in one or more common trust  funds, as defined in and from time to time established, maintained and  administered pursuant to the Common Trust Fund Act, the investments of which  are not restricted to the investments otherwise authorized for representatives  by Sections 21-2.01 through 21-2.12 and 21-2.14 of this Act, provided that the  investment in such common trust fund meets the standard of the prudent investor  rule for the investment of trust funds.    (Source: P.A. 90-796, eff. 12-15-98.)
755 ILCS 5/21-2.13a
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2.13a)Sec. 21-2.13a.     (Repealed).     (Source: P.A. 85-639.  Repealed by P.A. 90-796, eff. 12-15-98.)
755 ILCS 5/21-2.14
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

 (from Ch. 110 1/2, par. 21-2.14)Sec. 21-2.14.     Mutual funds.     Interests in any open-end management type  investment company or investment trust (hereafter referred to as a "mutual  fund") registered under the  Investment Company Act of 1940, the investments of which are not restricted to  the investments otherwise authorized for  representatives in Sections 21-2.01 through 21-2.13 and 21-2.15, including  without limitation a mutual fund that receives services from or pays fees  to the representative or its affiliate, provided that the investment in  the mutual fund or funds meets the standard of the prudent investor rule for  the investment of trust funds. A representative or its affiliate is  not required to reduce or waive its compensation for services provided in  connection with the investment and administration of the estate because the  representative invests, reinvests, or retains estate assets in a mutual fund  for  which it or its affiliate provides services and receives compensation  if the total compensation paid by the estate as fees of the representative  and mutual fund fees, including any advisory or management fees, is reasonable.  However, a representative may receive fees equal to  the amount of those fees that would be paid to any other party under Securities  and Exchange Commission Rule 12b-1.    (Source: P.A. 89-344, eff. 8-17-95.)
755 ILCS 5/21-2.14a
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

Sec. 21-2.14a.     Illinois prepaid tuition contract.     An Illinois prepaid  tuition contract, as defined under the Illinois Prepaid Tuition Act.    (Source: P.A. 91-867, eff. 6-22-00.)
755 ILCS 5/21-2.15
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXI - Investments by Representative

(755 ILCS 5/21-2.15) (from Ch. 110 1/2, par. 21-2.15)Sec. 21-2.15.         Any other investments which from time to time  have been or may be expressly declared by the General Assembly to be  legal investments for representatives of wards' estates.    (Source: P.A. 84-494.)
755 ILCS 5/Art. XXII heading
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXII - Nonresident Representative

 ARTICLE XXII  NONRESIDENT REPRESENTATIVE
755 ILCS 5/22-1
2021 Illinois Compiled Statutes|Chapter 755 - ESTATES|755 ILCS 5/ - Probate Act of 1975.|Article XXII - Nonresident Representative

 (from Ch. 110 1/2, par. 22-1)Sec. 22-1.         Power to collect and remove personal estate.)  A representative to whom letters are issued on the estate of a nonresident decedent  or ward by a court of competent jurisdiction of any other state,  territory, country or the District of Columbia may collect and receive any  personal estate in this State of the decedent or ward and  remove it to the jurisdiction in which his letters are issued upon delivering  to the person or corporation indebted to or holding the personal estate of the  decedent or ward, the following:  (a)  an affidavit by the representative  that to his knowledge no letters, which have been issued upon the petition  of an heir, legatee  or creditor of the decedent or kindred of the ward, are then outstanding  on the estate in this  State, no petition for letters by an heir, legatee or creditor of the decedent or  kindred of the ward is pending on the estate in this State, and there are no  creditors of the estate in this State, and (b) a copy of his letters certified within 60  days before the date of presentation.  Upon payment or delivery of the assets,  after receipt of the affidavit and certified copy, the person or corporation  is released to the same extent as if the payment or delivery had been made to a  legally qualified resident representative and is not required to see to the  application or disposition of the property; but no payment or delivery may be made  sooner than 30 days after decedent's death.    (Source: P.A. 79-328.)