(215 ILCS 150/9) (from Ch. 148, par. 209)
Sec. 9.
(a) No trustee shall be paid a salary or receive
other compensation, except the written trust instrument may
provide for reimbursement for actual
expenses incurred on behalf of the trust fund. No trustee or
any employer or affiliate of any trustee shall enter into any
contract with the trust fund for, or receive any monies or
other compensation or thing of value whatsoever from, the
trust fund for services performed for or on behalf of such
trust fund, except as provided in this Act.
(b) The trust fund shall have authority to indemnify its trustees,
officers, employees and agents to the same extent as provided to not for
profit corporations to indemnify its directors, officers, employees and
agents under Section 108.75 of the General Not For Profit Corporation Act
of 1986, as now or hereafter amended.
(Source: P.A. 86-847.)
|