{
  "urn": "urn:us-la:rs:11:313",
  "title_number": "11",
  "section_number": "313",
  "citation": "R.S. 11:313",
  "heading": "Prudent-man rule; investments",
  "text": "Notwithstanding the prudent-man rule, a system board of trustees may but is not required to divest itself of any holding in a company having facilities or employees, or both, located in a prohibited nation as that term is defined in R.S. 11:312(B)(2).",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "11",
      "name": "CONSOLIDATED PUBLIC RETIREMENT SYSTEMS"
    },
    {
      "level": "subtitle",
      "number": "I",
      "name": "GENERAL AND PRELIMINARY PROVISIONS"
    },
    {
      "level": "chapter",
      "number": "4",
      "name": "PROVISIONS AFFECTING MORE THAN ONE SYSTEM"
    },
    {
      "level": "part",
      "number": "II",
      "name": "GENERAL PROVISIONS"
    },
    {
      "level": "subpart",
      "number": "N",
      "name": "INVESTMENTS IN PROHIBITED NATIONS"
    }
  ],
  "breadcrumb": "Title 11 › Subtitle I › Chapter 4 › Part II › Subpart N",
  "acts_citations": [
    {
      "act_year": 2007,
      "act_number": 352,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 2007, No. 352, §1.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=451743",
  "website_law_id": 451743,
  "scrape_timestamp": "2026-05-22T21:48:18Z",
  "source_html_hash": "sha256:68d29530e1a7ce581dd89fa2e632e9e6c2132a1839c08b51ce07916080b39a20",
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}