Rhode Island General Laws 35-10.3-7. Other legal obligations
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With respect to actions taken in compliance with this chapter, including all good faith determinations regarding companies as required by this chapter, the public fund shall be exempt from any conflicting statutory or common law obligations, including any such obligations with respect to choice of asset managers, investment funds, or investments for the public fund’s securities portfolios.
History of Section.
P.L. 2013, ch. 173, § 1; P.L. 2013, ch. 225, § 1.
Terms Used In Rhode Island General Laws 35-10.3-7
- Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
- Public fund: means Rhode Island state pension funds or the state investment commission in charge of the Rhode Island state pension funds. See Rhode Island General Laws 35-10.3-2