Louisiana § 11:853 Cash deposits; limitations

Louisiana Statutes

§ 11:853 — Cash deposits; limitations

Louisiana § 11:853

Title 11Consolidated Public Retirement Systems

This text of Louisiana § 11:853 (Cash deposits; limitations) 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. § 11:853 (2026).

Text

For the purpose of meeting disbursements for pensions, annuities, and other payments, cash may be kept available not exceeding ten percent of the total amount in the several funds of the retirement system. This money shall be kept on deposit in one or more banks or trust companies of the state of Louisiana organized under the laws of the state of Louisiana or of the United States, provided, that the sum on deposit in any one bank or trust company shall not exceed twenty-five percent of the paid up capital and surplus of such bank or trust company.
Redesignated from R.S. 17:673 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 available not exceeding ten percent of the total amount in the several funds of the retirement system. This money shall be kept on deposit in one or more banks or trust companies of the state of Louisiana organized under the laws of the state of Louisiana or of the United States, provided, that the sum on deposit in any one bank or trust company shall not exceed twenty-five percent of the paid up capital and surplus of such bank or trust company.
Redesignated from R.S. 17:673 by Acts 1991, No. 74, §3, eff. June 25, 1991.