{"data":{"id":"us-il/760-ilcs-3-901","jurisdiction":"us-il","citation":"760 ILCS 3/901","heading":"Prudent investor rule.","body":"(a) Except as otherwise provided in subsection (b), a trustee administering a trust has a duty to invest and manage the trust assets to comply with the prudent investor rule set forth in this Article.\n(b) The prudent investor rule, a default rule, may be expanded, restricted, eliminated, or otherwise altered by express terms of the trust. A trustee is not liable to a beneficiary for the trustee's reasonable and good faith reliance on those express provisions.","path":["CHAPTER 760 TRUSTS AND FIDUCIARIES","Illinois Trust Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=4001\u0026ChapterID=61\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:44Z","sha256":"36a4e65194d1120bf4d7dc3a2f8f6110d91488b0b095b4a6fa6a43ca8ca42410","source_id":"us-il","stale":false,"prev":"us-il/760-ilcs-3-900","next":"us-il/760-ilcs-3-902"},"notice":"GroundRules: Original legal text. Not legal advice."}