Section 205 ILCS 620/2-4.5 - ExemptionsFor the purposes of this Act, a person does not engage in the trust business by:
(1) the rendering of fiduciary services by an attorney-at-law admitted to the practice of law in this State;(2) rendering services as a certified or registered public accountant in the performance of duties as such;(3) acting as a trustee or receiver in bankruptcy;(4) engaging in the business of an escrow agent;(5) receiving rents and proceeds of sale as a licensed real estate broker on behalf of the principal;(6) acting as trustee under a deed of trust made only as security for the payment of money or for the performance of another act;(7) acting in accordance with its authorized powers as a religious, charitable, educational, or other not-for-profit corporation or as a charitable trust or as an unincorporated religious organization;(8) engaging in securities transactions as a dealer or salesman;(9) acting as either a receiver under the supervision of a court or as an assignee for the benefit of creditors under the supervision of a court; or(10) engaging in such other activities that the Commissioner may prescribe by rule.P.A. 89-364, eff. 8/18/1995.