California § 16649.92. 16649.92. (Added by Stats. 1992, Ch. 1351, Sec. 2.)

California Statutes

§ 16649.92. — 16649.92. (Added by Stats. 1992, Ch. 1351, Sec. 2.)

California § 16649.92.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.4.

Title 2.DIVISION 4. FISCAL AFFAIRS

Part 2.PART 2. STATE FUNDS

Ch. 7.CHAPTER 7. Prohibited Business Arrangements

This text of California § 16649.92. (16649.92. (Added by Stats. 1992, Ch. 1351, Sec. 2.)) 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. Government Code - GOV Code § 16649.92. (2026).

Text

Present, future, and former members of the governing board of any trust fund, jointly and individually, state officers and employees, and investment managers under contract with the state shall be indemnified from the General Fund by the State of California from all claims, demands, suits, actions, damages, judgments, costs, charges and expenses, including court costs and attorney’s fees, and against all liability, losses, and damages of any nature whatsoever that these present, future, or former board members, officers, employees, or contract investment managers shall or may at any time sustain by reason of any decision to restrict, reduce, or eliminate investments pursuant to this chapter.

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Present, future, and former members of the governing board of any trust fund, jointly and individually, state officers and employees, and investment managers under contract with the state shall be indemnified from the General Fund by the State of California from all claims, demands, suits, actions, damages, judgments, costs, charges and expenses, including court costs and attorney’s fees, and against all liability, losses, and damages of any nature whatsoever that these present, future, or former board members, officers, employees, or contract investment managers shall or may at any time sustain by reason of any decision to restrict, reduce, or eliminate investments pursuant to this chapter.