(760 ILCS 3/1202)
    Sec. 1202. Definitions. In this Article:
    (1) (Blank).
    (2) "Authorized fiduciary" means:
        (A) a trustee or other fiduciary, other than a settlor, that has discretion to
    
distribute or direct a trustee to distribute part or all of the principal of the first trust to one or more current beneficiaries;
        (B) a special fiduciary appointed under Section 1209; or
        (C) a special-needs fiduciary under Section 1213.
    (3) "Court" means the court in this State having jurisdiction in matters relating to trusts.
    (4) "Decanting power" or "the decanting power" means the power of an authorized fiduciary under this Article to distribute property of a first trust to one or more second trusts or to modify the terms of the first trust.
    (5) "Expanded distributive discretion" means a discretionary power of distribution that is not limited to an ascertainable standard or a reasonably definite standard.
    (6) "First trust" means a trust over which an authorized fiduciary may exercise the decanting power.
    (7) "First-trust instrument" means the trust instrument for a first trust.
    (8) "Reasonably definite standard" means a clearly measurable standard under which a holder of a power of distribution is legally accountable within the meaning of Section 674(b)(5)(A) of the Internal Revenue Code, as amended, and any applicable regulations.
    (9) "Record" means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.
    (10) "Second trust" means:
        (A) a first trust after modification under this Article; or
        (B) a trust to which a distribution of property from a first trust is or may be made
    
under this Article.
    (11) "Second-trust instrument" means the trust instrument for a second trust.
(Source: P.A. 101-48, eff. 1-1-20; 102-279, eff. 1-1-22.)