California § 22254. 22254. (Amended by Stats. 1996, Ch. 634, Sec. 60.)

California Statutes

§ 22254. — 22254. (Amended by Stats. 1996, Ch. 634, Sec. 60.)

California § 22254.

JurisdictionCalifornia

Code EDCEducation Code - EDC

Div.1.

Title 1.DIVISION 1. GENERAL EDUCATION CODE PROVISIONS

Part 13.PART 13. STATE TEACHERS' RETIREMENT SYSTEM

Ch. 4.CHAPTER 4. Fiduciary Duties

This text of California § 22254. (22254. (Amended by Stats. 1996, Ch. 634, Sec. 60.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Education Code - EDC Code § 22254. (2026).

Text

(a)Any board member or officer who breaches any of the responsibilities, obligations, or duties imposed upon them by Section 22251, 22252, or 22253 shall be personally liable to make restitution to the retirement fund for any losses to it resulting from each breach, and to restore any profits that have been made through use of assets of the fund and shall be subject to any other equitable or remedial relief the court may deem appropriate, including removal from the board.

(b)No board member or officer shall be liable with respect to a breach of fiduciary duty under this part if the breach was committed before the board member or officer became one, or ceased to be one.

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

(a)
Any board member or officer who breaches any of the responsibilities, obligations, or duties imposed upon them by Section 22251, 22252, or 22253 shall be personally liable to make restitution to the retirement fund for any losses to it resulting from each breach, and to restore any profits that have been made through use of assets of the fund and shall be subject to any other equitable or remedial relief the court may deem appropriate, including removal from the board.
(b)
No board member or officer shall be liable with respect to a breach of fiduciary duty under this part if the breach was committed before the board member or officer became one, or ceased to be one.

Legislative History

Amended by Stats. 1996, Ch. 634, Sec. 60. Effective January 1, 1997.

View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)

California § 22254., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/EDC/22254..