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Sec. 804. Prudent administration. A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution.
Oct 21, 2022 · What does a school board trustee do? Boards of school trustees fulfill their role through a set of responsibilities. These responsibilities are fundamental to the function of the local school district and can only be accomplished by elected governing officials. School board trustee duties
what you need to know as trustee The Illinois Trust Code applies to the operation of Trusts in Illinois after January 1, 2020. This law imposes certain duties on trustees (see chart below).
Regional Offices of Education (ROEs) are administered by Regional Superintendents of Schools elected by popular vote from all counties of the region. Regional Boards of School Trustees are elected individuals, chosen from among the citizens of the region. Duties are assigned to the ROEs by statute.
The ITC codifies the familiar duties of trustees, including the duty of loyalty, the duty for prudent administration, and the duty to account. Previously, these duties and their scope were a product of court decisions and treatises.
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learning, public or private, within Illinois, nor shall they be members of a school board or board of school trustees of a public or nonpublic school, college, university or technical institution within Illinois.
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Upon the adoption and passage of the resolution and the election or appointment by the school board of its own school treasurer: (1) the trustees of schools in the township shall no longer have or exercise any powers or duties with respect to the school district or with respect to the school business, operations, or assets of the school district...