Louisiana Revised Statutes 11:1401 – Creation of retirement fund and of corporate board of trustees; powers of board
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Terms Used In Louisiana Revised Statutes 11:1401
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fund: means the Assessors' Retirement Fund. See Louisiana Revised Statutes 11:1402
There is hereby created effective July 26, 1950, an “Assessors’ Retirement Fund” for all parishes of the state of Louisiana, and a public corporation to be known as the “Board of Trustees of the Assessors’ Retirement Fund” for the assessors and assessors’ employees throughout the state of Louisiana, which corporation shall be vested with the power to administer the fund herewith provided for, to sue and be sued, to buy and sell securities for investment of the surplus monies of said fund, to allot disability payments and retirement allowances as hereinafter set forth.
Acts 1989, No. 545, §1, eff. July 5, 1989; Redesignated from La. Rev. Stat. 47:8051 by Acts 1991, No. 74, §3, eff. June 25, 1991.