Louisiana Revised Statutes 11:264.1 – Liabilities; discretionary control
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Terms Used In Louisiana Revised Statutes 11:264.1
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Legislators, state officials, system attorneys, accountants, and actuaries shall not be considered fiduciaries unless they exercise discretionary control over the management or administration of the system or some authority or control over system assets.
Acts 1992, No. 1046, §1, eff. July 1, 1993.