Illinois Compiled Statutes 760 ILCS 3/903 – Diversification
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Terms Used In Illinois Compiled Statutes 760 ILCS 3/903
- Trustee: A person or institution holding and administering property in trust.
A trustee has a duty to diversify the investments of the trust unless, under the circumstances, the trustee reasonably believes it is in the interests of the beneficiaries and furthers the purposes of the trust not to diversify.