2011 Minnesota Statutes
Chapters 352 - 356B — Retirement
Chapter 356A — Public Pension Fiduciary Responsibility
Section 356A.09 — Fiduciary Breach; Remedies
Subdivision 1.Occurrence of breach.
A fiduciary breach occurs if a fiduciary violates the general standard of fiduciary conduct as specified in section 356A.04 in carrying out the activities of a fiduciary. A fiduciary breach also occurs if a fiduciary of a covered pension plan violates the provisions of section 356A.06, subdivision 9.
Subd. 2.Remedies.
Remedies available for a fiduciary breach by a fiduciary are those specified by statute or available at common law.
History:
1989 c 319 art 7 s 9
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