La. Rev. Stat. § 11:951.35
Private interest of trustees and employees in financial operation of system prohibited
Louisiana · Louisiana Revised Statutes Title 11 — Consolidated Public Retirement · Status: effective
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- Citation
- La. Rev. Stat. § 11:951.35, Private interest of trustees and employees in financial operation of system prohibited, Louisiana, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2674089
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Full text
Except as otherwise herein provided, no trustee and no employee of the board of trustees shall have any direct interest in the gains or profit of any investment made by the board of trustees, nor as such receive any pay or emolument for his service. No trustee or employee of the board shall directly or indirectly for himself or as an agent in any manner use the name, except to make such current and necessary payments as are authorized by the board of trustees, nor shall any trustee or employee of the board become an endorser or surety or in any manner an obligor for monies loaned or borrowed from the board of trustees.