Alabama § 16-25D-4 Education Retirees’ Trust Fund

Alabama Statutes

§ 16-25D-4 — Education Retirees’ Trust Fund

Alabama·Title 16 Education·Ch. 25D Education Retirees’ Trust Fund Funding Act of 2021

(a)There is created the Education Retirees’ Trust Fund evidenced by a written trust instrument, the terms and conditions of which shall be determined by the board of control creating the trust fund.

(b)The trust shall be managed and controlled by its trustees. The trustees shall serve without compensation for their service as trustees, but may be reimbursed from the trust for all reasonable and necessary expenses that they incur in connection with their service as trustees.

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(a) There is created the Education Retirees’ Trust Fund evidenced by a written trust instrument, the terms and conditions of which shall be determined by the board of control creating the trust fund.
(b) The trust shall be managed and controlled by its trustees. The trustees shall serve without compensation for their service as trustees, but may be reimbursed from the trust for all reasonable and necessary expenses that they incur in connection with their service as trustees.

Alabama § 16-25D-4 (Education Retirees’ Trust Fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.