O.C.G.A.
O.C.G.A.

O.C.G.A. § 47-2-32 (2019)

Personal interest in gains or profits from investments made by the board of trustees; unauthorized use of assets of the retirement system

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)
Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.
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Except as otherwise provided in this chapter, no trustee or employee of the board of trustees shall have any personal interest in the gains or profits from any investment made by it or use in any manner, directly or indirectly, for himself or as an agent, the assets of the retirement system, except to make such payments as are authorized by the board of trustees in accordance with this chapter.

History

(Ga. L. 1949, p. 138, § 7.)

Annotations

JUDICIAL DECISIONS Cited in Ross v. Odom, 401 F.2d 464 (5th Cir. 1968).