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760 ILCS 3/908

Reviewing compliance

Known as the Illinois Prudent Investor Law

The act spans §§ 760-3-900 to 760-3-914 (15 sections).

P.A. 101-48, eff. 1-1-20.

No specific investment course of action is, taken alone, prudent or imprudent. The trustee may invest in every kind of property and type of investment, subject to this Article. A trustee's investment decisions and actions are to be judged in terms of the trustee's reasonable business judgment regarding the anticipated effect on the trust portfolio as a whole under the facts and circumstances prevailing at the time of the decision or action. This Article is a test of conduct and not of resulting performance.

Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.