(765 ILCS 415/3) (from Ch. 148, par. 83)
Sec. 3.
The fact that a trustee of a land trust is or becomes a secured
or unsecured creditor of the land trust, the beneficiaries of the land trust,
or a third party whose debt to such creditor is guaranteed by a beneficiary
of the land trust, shall not be a breach of, and shall not be deemed evidence
of a breach of, any fiduciary duty owed by said trustee to the beneficiaries.
(Source: P.A. 82-891.)
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