Illinois Statutes
§ 5-187.1 — To lend securities
Illinois § 5-187.1
JurisdictionIllinois
TopicGOVERNMENT
Ch. 40PENSIONS
Act 40 ILCS 5/Illinois Pension Code.
Art.Article 5 - Policemen's Annuity And Benefit Fund--Cities Over 500,000
This text of Illinois § 5-187.1 (To lend securities) 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. 5-187.1 (2026).
Text
The Board may lend securities owned by the Fund to a borrower upon such terms and conditions as may be mutually agreed in writing. Such agreement shall provide that during the period of such loan the Fund shall retain the right to receive, or collect from the borrower, all dividends, interest rights, or any distributions to which the Fund would have otherwise been entitled. The borrower shall deposit with the Fund as collateral for such loan cash equal to the market value of the securities at the time the loan is made and shall increase the amount of collateral if and when the Fund shall request an additional amount because of subsequent increased market value of the securities. The period for which the securities may be loaned shall not exceed one year, and the loan agreement may specify
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Legislative History
(Source: P.A. 83-823.)
Nearby Sections
15
§ 5-101
Creation of fund§ 5-102
Terms defined§ 5-103
§ 5-103§ 5-104
Park Policemen's Annuity Act§ 5-107
Effective date§ 5-109
Policeman§ 5-109.1
Gender§ 5-110
Present employee§ 5-111
Future entrant§ 5-112
Active policeman§ 5-113
Act of duty§ 5-114
SalaryCite This Page — Counsel Stack
Bluebook (online)
Illinois § 5-187.1, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/40/5-187.1.