Louisiana Statutes
§ 11:1545 — Board of trustees; custodian of fund; investment of fund
Louisiana § 11:1545
JurisdictionLouisiana
Title 11Consolidated Public Retirement Systems
This text of Louisiana § 11:1545 (Board of trustees; custodian of fund; investment of fund) 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. § 11:1545 (2026).
Text
The board shall be the custodian and the trustees of the fund and all system monies shall be held in trust or invested for the exclusive benefit of system members and beneficiaries, present and future. The board may invest and reinvest system monies and may hold, purchase, sell, assign, and transfer and dispose of any of the securities, assets, and investments of the system as well as the proceeds of the investments and any other monies belonging to the system in accordance with the provisions of R.S. 11:263. All interest earned on any fund bank deposits, securities, or any and all other fund investments and assets shall belong to and constitute a part of the fund. No system monies may be deposited or invested unless such is authorized by the board.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Acts 1986, No. 1063, §1, eff. Oct. 1, 1986; Redesignated from R.S. 13:955 by Acts 1991, No. 74, §3, eff. June 25, 1991.
Nearby Sections
15
§ 11:1501
§ 11:1501§ 11:1502
Name of system§ 11:1503
Definitions§ 11:1504
Protection against fraud§ 11:1511
§ 11:1511§ 11:1512
Termination of membership§ 11:1513
Reemployment of a retiree§ 11:1514
Service credit§ 11:1517
Credit for noncredited prior service§ 11:152
Military service creditCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 11:1545, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/11%3A1545.