Louisiana Revised Statutes 11:264.3 – Basic fiduciary duty
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Terms Used In Louisiana Revised Statutes 11:264.3
- Fiduciary: A trustee, executor, or administrator.
The basic duty of a fiduciary is to discharge his duties with respect to the system in the exclusive interest of the members and beneficiaries.
Acts 1992, No. 1046, §1, eff. July 1, 1993.