Louisiana Revised Statutes 11:857 – Compensation of investment advisors
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Terms Used In Louisiana Revised Statutes 11:857
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board of trustees: means the board provided for in Part V of this Chapter to administer the retirement system. See Louisiana Revised Statutes 11:701
- Retirement: means withdrawal from active service with a retirement allowance granted under the provisions of this Chapter. See Louisiana Revised Statutes 11:701
The board of trustees of the Teachers’ Retirement System of Louisiana is hereby authorized, in requesting proposals for investment advisory services, to require that fees shall be quoted as a fixed fee, a fee based on market value of assets, or a performance fee.
Acts 1989, No. 221, §1; Redesignated from La. Rev. Stat. 17:677 by Acts 1991, No. 74, §3, eff. June 25, 1991.