Illinois Statutes
§ 18-159 — No gain or profit on investments
Illinois § 18-159
JurisdictionIllinois
TopicGOVERNMENT
Ch. 40PENSIONS
Act 40 ILCS 5/Illinois Pension Code.
Art.Article 18 - Judges Retirement System Of Illinois
This text of Illinois § 18-159 (No gain or profit on investments) 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. 18-159 (2026).
Text
No trustee or employee of the board shall have any direct interest in the income, gains or profits of any investments made in behalf of the system nor receive any pay or emolument for services in connection with any investment. No such trustee or employee shall become an endorser or surety, or in any manner an obligor for money loaned or borrowed from the system. Whoever violates any of the provisions of this Section is guilty of a petty offense.
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Legislative History
(Source: P.A. 83-1440.)
Nearby Sections
15
§ 18-101
Creation of fund§ 18-102
Purpose§ 18-103
Terms defined§ 18-104
Effective date§ 18-105
System§ 18-106
Board§ 18-107
Employer§ 18-108
Judge§ 18-109
Eligible judge§ 18-110
Participant§ 18-111
Salary§ 18-112
§ 18-112§ 18-112.1
§ 18-112.1§ 18-112.3
§ 18-112.3Cite This Page — Counsel Stack
Bluebook (online)
Illinois § 18-159, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/40/18-159.