§ 32-12. Trusts—Disclosures of beneficial interests.

Latest version.

Whenever any trustee of a land trust or any beneficiary or beneficiaries of a land trust make application to the village for approval of a subdivision under this chapter relating to land which is the subject of such trust, such application shall identify each beneficiary of such land trust by name and address and define their interest therein as required by the Land Trust Beneficial Interest Disclosures Act (765 ILCS 405/001 et seq.). All such applications shall be verified by the applicant in such applicant's capacity as trustee, or by the beneficiary as a beneficial owner of interest in such land trust. If such application is filed by a body politic or other corporate entity, it shall be verified by a duly authorized officer of such body politic or other corporate entity for whom such application is made.

(Ord. No. 2439 , § 1, 8-11-2015)

                    
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