Louisiana Statutes
§ 11:1546 — Private interest of trustees and employees in financial operation of system prohibited
Louisiana·Title 11 Consolidated Public Retirement Systems
No trustee and no employee of the board of trustees shall have any direct interest in the gains or profits of any investment made by the board of trustees, nor as such receive any pay or emolument for his service other than reimbursement of expenses.
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Louisiana § 11:1546 (Private interest of trustees and employees in financial operation of system prohibited) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1986, No. 1063, §1, eff. Oct. 1, 1986; Redesignated from R.S. 13:956 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 credit