Illinois Statutes
§ 1-113.20 — Investment strategies; explicit and implicit costs
Illinois § 1-113.20
JurisdictionIllinois
TopicGOVERNMENT
Ch. 40PENSIONS
Act 40 ILCS 5/Illinois Pension Code.
Art.Article 1 - General Provisions: Short Title, Effect Of Code And Other Provisions
This text of Illinois § 1-113.20 (Investment strategies; explicit and implicit costs) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
40 Ill. Comp. Stat. 1-113.20 (2026).
Text
Every pension fund, retirement system, and investment board created under this Code, except those whose investments are restricted by Section 1-113.2 of this Code, shall instruct the fund's, system's, or board's investment advisors to utilize investment strategies designed to ensure that all securities transactions are executed in such a manner that the total explicit and implicit costs and total proceeds in every transaction are the most favorable under the circumstances.
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Legislative History
(Source: P.A. 96-753, eff. 8-25-09.)
Nearby Sections
15
§ 1
§ 1§ 1-101
Short title§ 1-101.1
Definitions§ 1-101.2
Fiduciary§ 1-101.3
Party in interest§ 1-101.4
Investment adviser§ 1-101.5
Consultant§ 1-101.6
Transferor pension fund§ 1-103
Effect of headings§ 1-103.1
Application of amendments§ 1-103.2
§ 1-103.2§ 1-103.3
§ 1-103.3§ 1-104
Cross references§ 1-104.1
GenderCite This Page — Counsel Stack
Bluebook (online)
Illinois § 1-113.20, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/40/1-113.20.