Illinois Statutes
§ 8-246 — No commissions on investments
Illinois § 8-246
JurisdictionIllinois
TopicGOVERNMENT
Ch. 40PENSIONS
Act 40 ILCS 5/Illinois Pension Code.
Art.Article 8 - Municipal Employees', Officers', And Officials' Annuity And Benefit Fund--Cities Over 500,000 Inhabitants
This text of Illinois § 8-246 (No commissions 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. 8-246 (2026).
Text
No member of the board, and no person officially connected with the board, as employee, legal advisor, custodian of the fund, or otherwise, shall have any right to receive any commission on account of any investment made by the board, nor shall any such person act as the agent of any other person concerning any such investment.
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Legislative History
(Source: Laws 1963, p. 161.)
Nearby Sections
15
§ 8-101
Creation of fund§ 8-102
Terms defined§ 8-103
Fund§ 8-104
The 1921 Act§ 8-107.1
Public Library Employes' Pension Act§ 8-108.3
§ 8-108.3§ 8-109
Civil Service Act§ 8-109.1
§ 8-109.1§ 8-110
Employer§ 8-111
Effective dateCite This Page — Counsel Stack
Bluebook (online)
Illinois § 8-246, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/40/8-246.