Illinois Statutes
§ 16-197 — Undivided interest
Illinois § 16-197
JurisdictionIllinois
TopicGOVERNMENT
Ch. 40PENSIONS
Act 40 ILCS 5/Illinois Pension Code.
Art.Article 16 - Teachers' Retirement System Of The State Of Illinois
This text of Illinois § 16-197 (Undivided interest) 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. 16-197 (2026).
Text
All assets of the system shall be invested as one fund and no person, group of persons or entity shall have any right other than to an undivided interest in the whole, and all references to the reserves shall be construed as not requiring a segregation of assets but only the maintenance of a separate account indicating the equities in the assets as a whole.
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Legislative History
(Source: Laws 1963, p. 161.)
Nearby Sections
15
§ 16-101
Creation of system§ 16-102
Application of Article§ 16-103
Terms defined§ 16-104
Retirement system or system§ 16-105
Board§ 16-106
Teacher§ 16-106.1
Full-time teacher§ 16-106.2
Part-time teacher§ 16-106.3
Substitute teacher§ 16-106.4
(Repealed)§ 16-106.41
Tier 1 member§ 16-106.6
Teacher certification§ 16-107
Member§ 16-108
Prior service§ 16-109
Membership serviceCite This Page — Counsel Stack
Bluebook (online)
Illinois § 16-197, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/40/16-197.