Illinois Statutes
§ 1-145 — Contingent and placement fees prohibited
Illinois § 1-145
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 § 1-145 (Contingent and placement fees prohibited) 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. 1-145 (2026).
Text
No person or entity shall retain a person or entity to attempt to influence the outcome of an investment decision of or the procurement of investment advice or services of a retirement system, pension fund, or investment board of this Code for compensation, contingent in whole or in part upon the decision or procurement. Any person who violates this Section is guilty of a business offense and shall be fined not more than $10,000. In addition, any person convicted of a violation of this Section is prohibited for a period of 3 years from conducting such activities.
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Legislative History
(Source: P.A. 96-6, eff. 4-3-09.)
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 § 1-145, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/40/1-145.