Alabama § 45-49A-63.150 Trustee

Alabama Statutes

§ 45-49A-63.150 — Trustee

Alabama § 45-49A-63.150

JurisdictionAlabama

Title 45Local Laws

Ch. 49AMobile County Municipalities

Art. 6Mobile

Part 4Policemen’s and Firemen’s Pension and Relief System

Subpart 8Management of Funds

This text of Alabama § 45-49A-63.150 (Trustee) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 45-49A-63.150 (2026).

Text

All the funds of the plan shall be held by the board as trustee of the plan. In addition to the powers granted to the board by the plan, the board shall have all powers granted to trustees under any Alabama statute or regulation which are necessary or desirable for it to fulfill its duties with respect to the plan, which powers are specifically incorporated by reference into this plan. The city shall have no liability for the payment of benefits under the plan nor for the administration of the funds paid over to the board.

Free access — add to your briefcase to read the full text and ask questions with AI

All the funds of the plan shall be held by the board as trustee of the plan. In addition to the powers granted to the board by the plan, the board shall have all powers granted to trustees under any Alabama statute or regulation which are necessary or desirable for it to fulfill its duties with respect to the plan, which powers are specifically incorporated by reference into this plan. The city shall have no liability for the payment of benefits under the plan nor for the administration of the funds paid over to the board.