755 ILCS 27/50

Current through Public Act 103-1059

Section 755 ILCS 27/50 - Notice, delivery, acceptance, or consideration not required

A transfer on death instrument is effective without:

(1) notice or delivery to or acceptance by the designated beneficiary during the owner's life; or

(2) consideration.

755 ILCS 27/50

Amended by P.A. 098-0821,§ 5, eff. 1/1/2015.

Added by P.A. 097-0555,§ 50, eff. 1/1/2012.