Illinois Statutes
§ 909 — Delegation of investment and management functions
Illinois·Topic RIGHTS AND REMEDIES·Ch. 760 TRUSTS AND FIDUCIARIES·Act 760 ILCS 3/ Illinois Trust Code.·Art. Article 9 - Illinois Prudent Investor Law; Life Insurance; Affiliated Investments
Notwithstanding any other provision of this Code, before delegating any investment functions to an agent in accordance with subsection (b) of Section 807, a trustee shall conduct an inquiry into the experience, performance history, professional licensing or registration, if any, and financial stability of the investment agent.
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Legislative History
(Source: P.A. 101-48, eff. 1-1-20 .)
Nearby Sections
10
§ 900
Article title§ 902
§ 902§ 903
Diversification§ 905
Court action§ 906
(Reserved)§ 907
(Reserved)§ 908
Reviewing compliance