The Illinois Land Trust and Nebraska Law
Oeltjen, Jarret C.
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Abstract
The legal device known as an "Illinois Land Trust" appears to be virtually unknown and unrecognized in Nebraska. The popularity this device has gained in Illinois since its inception and the fact that other states have been experimenting with it may show somewhat of a trend toward its general utility and acceptance. As such a device may be of help not only to real estate investors but also to lawyers, bankers, and trust companies, this article seeks to explore and explain the land trust, its uses and advantages, and also whether it could readily be adopted in Nebraska.