---
urn: urn:us-la:rs:11:1546
citation: "R.S. 11:1546"
status: active
breadcrumb: "Title 11 › Subtitle III › Chapter 2 › Part IV"
acts_citations:
  - { year: 1986, number: 1063, section: 1, effective_date: 1986-10-01, role: enactment }
---

# 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.