Delegation of investment and management functions

760 ILCS 3/909, under Illinois Prudent Investor Law; Life Insurance; Affiliated Investments.

760 ILCS 3/909

(760 ILCS 3/909)

    Sec. 909. Delegation of investment and management functions. 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.

(Source: P.A. 101-48, eff. 1-1-20.)