§ 50

755 ILCS 27/50

Notice, delivery, acceptance, or consideration not required

Effective Jan 1, 2015(Source: P.A. 97-555, eff. 1-1-12; 98-821, eff. 1-1-15.)

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.

(Source: P.A. 97-555, eff. 1-1-12; 98-821, eff. 1-1-15.)