Illinois Compiled Statutes
760 ILCS 70/1 (2026)
Definitions
✓ current as of May 2026
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(760 ILCS 70/1)
(from Ch. 32, par. 439.50)
Sec. 1.
Definitions.
In this Act unless the context requires otherwise:
(a) "Assignment" includes any written stock power, bill of sale, deed,
declaration of trust or other instrument of transfer.
(b) "Beneficial interest" includes the interest of a decedent's legatee,
distributee, heir or creditor, of a beneficiary under a trust, of a ward,
of a beneficial owner of a security registered in the name of a nominee, or
of a minor owner of a security registered in the name of a custodian, or
any similar interest.
(c) "Corporation" means a corporation (private, public or municipal)
association or trust organized or created under the laws of this State and
issuing a security subject to this Act, and includes the transfer agents
and registrars of any of its securities.
(d) "Fiduciary" includes an executor, administrator, trustee, guardian,
committee, conservator, curator, tutor, custodian or nominee.
(e) "Person" includes a firm or corporation.
(f) "Security" includes any share of stock, bond, debenture, note or
other security of a corporation which is registered as to ownership on the
books of the corporation.
(g) "Transfer" means a change on the books of a corporation in the
registered ownership of a security.
(Source: Laws 1957, p. 247.)
Notes of Decisions
Cited in 2
cases, 2015–2015 · leading case: Hawkins v. Voss, 2015 IL App (5th) 140001 (Ill. App. Ct. 2015).
Hawkins v. Voss, 2015 IL App (5th) 140001 (Ill. App. Ct. 2015). “Finally, the Corporate Fiduciary Act also defines "fiduciary" as a trustee: " 'Fiduciary' means trustee, executor, administrator, receiver, guardian, assignee for the benefit of creditors, or any holder of a similar position of trust.”
Hawkins v. Voss, 2015 IL App (5th) 140001 (Ill. App. Ct. 2015). “Finally, the Corporate Fiduciary Act also defines “fiduciary” as a trustee: “ ‘Fiduciary’ means trustee, executor, administrator, receiver, guardian, assignee for the benefit of creditors, or any holder of a similar position of trust.”
760 ILCS 70/1(d): 2 cases
Hawkins v. Voss, 2015 IL App (5th) 140001 (Ill. App. Ct. 2015). “Finally, the Corporate Fiduciary Act also defines "fiduciary" as a trustee: " 'Fiduciary' means trustee, executor, administrator, receiver, guardian, assignee for the benefit of creditors, or any holder of a similar position of trust.”
Hawkins v. Voss, 2015 IL App (5th) 140001 (Ill. App. Ct. 2015). “Finally, the Corporate Fiduciary Act also defines “fiduciary” as a trustee: “ ‘Fiduciary’ means trustee, executor, administrator, receiver, guardian, assignee for the benefit of creditors, or any holder of a similar position of trust.”
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