Indiana Code 5-10.2-13-16. Exemption from conflicting statutory or common law obligations
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Terms Used In Indiana Code 5-10.2-13-16
- board: refers to the board of trustees of the Indiana public retirement system established by Indiana Code 5-10.2-13-2
- 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.
- fund: refers to any public pension and retirement funds of the system (as defined in Indiana Code 5-10.2-13-5
- investment: refers to any investment that the board or system is authorized to make under Indiana Code 5-10.2-13-6
- system: has the meaning set forth in Indiana Code 5-10.2-13-10
Sec. 16. With respect to actions taken in compliance with this chapter, including all good faith determinations regarding restricted entities and restricted investment products, the board and the system are exempt from any conflicting statutory or common law obligations, including any obligations with respect to choice of asset managers, investment funds, or investments for fund investment portfolios.
As added by P.L.104-2023, SEC.1.