2015 Louisiana Laws
Revised Statutes
TITLE 11 - Consolidated Public Retirement
RS 11:951.15 - Voting power of trustees; meetings, quorum; by-laws, etc.; board's power to make
§951.15. Voting power of trustees; meetings, quorum; by-laws, etc.; board's power to make
A. Each trustee shall be entitled to one vote on the board. A majority of the board of trustees shall constitute a quorum for the transaction of all business except in cases where a majority vote of all members is specifically required.
B. The board of trustees has full power to adopt and enforce such by-laws, rules and regulations for the administration of the funds and the transaction of business, to appoint and determine the rate of compensation or expenses of all employees as it may deem necessary or appropriate to carry out the purposes of this Part.
Redesignated from R.S. 17:1035 pursuant to R.S. 24:253.
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