---
urn: urn:us-la:rs:11:3689
citation: "R.S. 11:3689"
status: active
breadcrumb: "Title 11 › Subtitle IV › Chapter 3 › Part II › Subpart G"
acts_citations:
  - { year: 2003, number: 1255, section: 1, effective_date: 2003-07-07, role: amendment }
  - { year: 2004, number: 621, section: 1, effective_date: 2004-07-05, role: amendment }
  - { year: 2014, number: 648, section: 3, effective_date: 2015-07-01, role: amendment }
---

# Management of funds

A. The Board of Trustees shall have full power to invest and reinvest such funds, subject to the prudent-man rule limitations regarding investments set forth in Subtitle I, Chapter 4, Part II, Subpart I of this Title and shall have full power to hold, purchase, sell, assign, transfer, and dispose of any of the securities and investments in which any of the funds created herein shall have been invested, as well as the proceeds of said investments and any monies belonging to said funds.

B-E. Repealed by Acts 2014, No. 648, §3, eff. July 1, 2015.