Terms Used In Illinois Compiled Statutes 760 ILCS 3/909

  • Trustee: A person or institution holding and administering property in trust.
     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.