Maine Statutes
§ 5 §17108 — Investment counsel
Maine § 5 §17108
JurisdictionMaine
Title 5ADMINISTRATIVE PROCEDURES AND SERVICES
Part 20STATE RETIREMENT SYSTEM
Ch. 421GENERAL PROVISIONS
This text of Maine § 5 §17108 (Investment counsel) is published on Counsel Stack Legal Research, covering Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Me. Rev. Stat. tit. 5, § 5 §17108 (2026).
Text
1.Contract.
The board may contract with one or more fiduciaries or registered investment advisors. All contracts with fiduciaries or registered investment advisors must have the approval of a majority of the board.
2.Duties.
The fiduciary or registered investment advisor has the following duties.
3.Expenses.
The expenses incurred in employing one or more fiduciaries or investment advisors shall be charged to earnings received from investments of the retirement system.
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Legislative History
PL 1985, c. 801, §§5,7 (NEW). PL 1993, c. 410, §L24 (AMD). PL 2003, c. 618, §B1 (AMD). PL 2003, c. 618, §B20 (AFF).
Nearby Sections
15
§ 5 §171
Definitions§ 5 §1710-A
Duties of commission§ 5 §1710-B
Contracts§ 5 §1710-C
Meetings§ 5 §1710-D
Staffing§ 5 §1710-F
Duties of committee§ 5 §1710-G
Use of revenue forecasts§ 5 §1710-H
Meetings§ 5 §1710-I
Staffing§ 5 §1710-J
Access to information§ 5 §1710-K
Performance budgeting; definitions§ 5 §1710-M
Duties of commissionCite This Page — Counsel Stack
Bluebook (online)
Maine § 5 §17108, Counsel Stack Legal Research, https://law.counselstack.com/statute/me/5%20%C2%A717108.