40 ILCS 5/1-113.8

Current through Public Act 103-1052
Section 40 ILCS 5/1-113.8 - Limitations on banks and savings and loan associations

A bank or savings and loan association shall not receive investment funds from a pension fund established under Article 3 or 4 of this Code, unless it has complied with the requirements established under Section 6 of the Public Funds Investment Act. The limitations set forth in that Section 6 are applicable only at the time of investment and do not require the liquidation of any investment at any time.

40 ILCS 5/1-113.8

P.A. 90-507, eff. 8/22/1997.