Louisiana Statutes
§ 11:264 — Fiduciary relationships
Louisiana·Title 11 Consolidated Public Retirement Systems
With respect to the systems, plans, and funds governed by this Subpart, each of the following persons shall be deemed to be in a fiduciary relationship with the respective funds:
(1)Any person who exercises any discretionary authority or discretionary control with respect to the management of system funds or assets.
(2)Any person who renders investment advice or services for compensation, direct or indirect, with respect to system funds or assets.
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Legislative History
Acts 1989, No. 64, §1; Redesignated from R.S. 42:718 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 2005, No. 9, §1, eff. May 27, 2005.
Nearby Sections
15
§ 11:2
Purpose of Title§ 11:2001
§ 11:2001§ 11:2003
Cash deposit for payment of benefits§ 11:2004
Selection of fiscal agents§ 11:2006
Reversion of funds prohibited§ 11:201
§ 11:201§ 11:2011
§ 11:2011§ 11:2012
Funds to which assets credited§ 11:2015
Withdrawal from regular system