Illinois Statutes
§ 2-152 — No monetary gain on investments
Illinois § 2-152
JurisdictionIllinois
TopicGOVERNMENT
Ch. 40PENSIONS
Act 40 ILCS 5/Illinois Pension Code.
Art.Article 2 - General Assembly Retirement System
This text of Illinois § 2-152 (No monetary gain 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. 2-152 (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 trustee or employee of the board 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
§ 2-101
Creation of system§ 2-102
Terms defined§ 2-103
System§ 2-104
Board§ 2-105
Member§ 2-105.1
(Repealed)§ 2-105.2
(Repealed)§ 2-105.4
Tier 1 retiree§ 2-106
Eligible member§ 2-107
Participant§ 2-108
§ 2-108§ 2-108.1
§ 2-108.1§ 2-109
Military serviceCite This Page — Counsel Stack
Bluebook (online)
Illinois § 2-152, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/40/2-152.