2006 Louisiana Laws - RS 9:2337.5 — Delegation of investment management
§2337.5. Delegation of investment management
Except as otherwise provided by the applicable gift instrument or by applicable law relating to governmental institutions funds, the governing board may (1) delegate to its committees, officers or employees of the institution or the fund, or agents, including investment counsel, the authority to act in place of the board in investment and reinvestment of institutional funds, (2) contract with independent investment advisors, investment counsel of managers, banks, or trust companies, so to act, and (3) authorize the payment of compensation for investment advisory or management services.
Added by Acts 1976, No. 410, §1.
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