Louisiana Statutes
§ 11:264.8 — System policy regarding breach of fiduciary duty
Louisiana § 11:264.8
JurisdictionLouisiana
Title 11Consolidated Public Retirement Systems
This text of Louisiana § 11:264.8 (System policy regarding breach of fiduciary duty) 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. § 11:264.8 (2026).
Text
No retirement system may submit a proposed regulation, or approve any internal policy to relieve a fiduciary from responsibility for breach of fiduciary duty. However, a system may purchase insurance to cover liability or losses due to acts or omissions of fiduciaries. Any such insurance shall maintain the insurance company's right of subrogation. A fiduciary may purchase insurance to cover his own liability, without condition.
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Legislative History
Acts 1992, No. 1046, §1, eff. July 1, 1993.
Nearby Sections
9
§ 11:264
Fiduciary relationships§ 11:264.1
Liabilities; discretionary control§ 11:264.2
Fiduciary restriction; felony conviction§ 11:264.3
Basic fiduciary duty§ 11:264.4
Exclusive interest rule§ 11:264.5
Breach of fiduciary duty§ 11:264.6
Cofiduciary liabilityCite This Page — Counsel Stack
Bluebook (online)
Louisiana § 11:264.8, Counsel Stack Legal Research, https://law.counselstack.com/statute/la/11%3A264.8.