CROSS. New Act 760 ILCS 5/5 from Ch. 17, par. 1675 760 ILCS 5/5.1 from Ch. 17, par. 1675.1 760 ILCS 5/5.2 from Ch. 17, par. 1675.2 Creates the Uniform Prudent Investor Act. Provides that the trustee of a trust shall invest and manage trust assets in accordance with specified criteria pertaining to portfolio strategy, diversification, loyalty, impartiality, review, and delegation of duties relating to investment and management of trust assets. Applies to trusts existing on and created after its effective date. Amends the Trusts and Trustees Act to conform to the new Act. FEB-27-2001 H FILED WITH CLERK FEB-27-2001 H FIRST READING FEB-27-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-28-2001 H ASSIGNED TO COMMITTEE JUD-CIVIL LAW MAR-16-2001 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL JAN-07-2003 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary