Louisiana § 11:1183 Cash deposits for payment of benefits; limitations on amount

Louisiana Statutes

§ 11:1183 — Cash deposits for payment of benefits; limitations on amount

Louisiana § 11:1183

Title 11Consolidated Public Retirement Systems

This text of Louisiana § 11:1183 (Cash deposits for payment of benefits; limitations on amount) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 11:1183 (2026).

Text

For the purpose of meeting disbursements for pensions, annuities, and other payments, cash may be kept on deposit in one or more banks or trust companies of the State of Louisiana, organized under the laws of the state or of the United States; this amount shall not exceed ten per centum of the total amount in the several funds of the retirement system. The sum on deposit in any one bank or trust company shall not exceed twenty-five per centum of the paid-up capital and surplus of the depository bank or trust company.
Redesignated from R.S. 17:963 by Acts 1991, No. 74, §3, eff. June 25, 1991.

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For the purpose of meeting disbursements for pensions, annuities, and other payments, cash may be kept on deposit in one or more banks or trust companies of the State of Louisiana, organized under the laws of the state or of the United States; this amount shall not exceed ten per centum of the total amount in the several funds of the retirement system. The sum on deposit in any one bank or trust company shall not exceed twenty-five per centum of the paid-up capital and surplus of the depository bank or trust company.
Redesignated from R.S. 17:963 by Acts 1991, No. 74, §3, eff. June 25, 1991.