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.
R.S. 11:1546 active rs title
Private interest of trustees and employees in financial operation of system prohibited ACTIVE
Actions
References
None.
Cited by
None.
History
- enactment Acts 1986, No. 1063, §1, eff. Oct. 1, 1986