Illinois § 1-101.2
Full text of Illinois Illinois Compiled Statutes § 1-101.2, with citation guidance and answers to common questions.
§ 1-101.2.
Fiduciary. A person is a "fiduciary" with respect to a pension fund or retirement system established under this Code to the extent that the person: (1) exercises any discretionary authority or discretionary control respecting management of the pension fund or retirement system, or exercises any authority or control respecting management or disposition of its assets; (2) renders investment advice or renders advice on the selection of fiduciaries for a fee or other compensation, direct or indirect, with respect to any moneys or other property of the pension fund or retirement system, or has any authority or responsibility to do so; or (3) has any discretionary authority or discretionary responsibility in the administration of the pension fund or retirement system. (Source: P.A. 96-6, eff. 4-3-09.)
Frequently Asked Questions About Illinois § 1-101.2
What does Illinois Compiled Statutes § 1-101.2 cover?
Section 1-101.2 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 1-101.2?
A common citation format is "Illinois Compiled Statutes § 1-101.2" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 1-101.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.