Common use of Prudent Investor Rule Clause in Contracts

Prudent Investor Rule. The Trustee has a duty to invest and manage the Trust Funds pursuant to the “Prudent Investor Rule” under 760 ILCS Section 5/5(a) of the ITTA. The Trustee, pursuant to 760 ILCS Section 5/5.1 of the ITTA, may delegate this investment function to a qualified investment advisor.

Appears in 4 contracts

Samples: Master Trust Agreement, Master Trust Agreement, Master Trust Agreement

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