United States — Louisiana Act or statute

United States — Louisiana legislation

RS 11:1546

Trustees and board employees may not have a direct interest in gains or profits from board investments, and they may not receive pay or emoluments for that service except reimbursement of expenses.

conflicts of interestemployee compensationinvestment operations

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01

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“Trustees and board employees may not have a direct interest in gains or profits from board investments, and they may not receive pay or emoluments for that service except reimbursement of expenses.”

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RS 11:1546

Trustees and board employees may not have a direct interest in gains or profits from board investments, and they may not receive pay or emoluments for that service except reimbursement of expenses.

Section 11:1546

04

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Source record from legis.la.gov · Assent date not stated · Commencement date not stated · Consolidation date not stated · Effective date not stated · Enactment date not stated · Expiry date not stated · Publication date not stated · Repeal date not stated · Source version date not stated

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§ 11:1546RS 11:1546Provision

Trustees and board employees may not have a direct interest in gains or profits from board investments, and they may not receive pay or emoluments for that service except reimbursement of expenses.

§1546. Private interest of trustees and employees in financial operation of system prohibited 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. 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.
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