Louisiana Revised Statutes 11:2251 – Name and date of establishment
Terms Used In Louisiana Revised Statutes 11:2251
- Board of trustees: shall mean the board provided for in Louisiana Revised Statutes 11:2252
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Retirement: shall mean withdrawal from active service with a retirement allowance granted under the provisions of this Chapter. See Louisiana Revised Statutes 11:2252
- Retirement system: shall mean the Firefighters' Retirement System as established in Louisiana Revised Statutes 11:2252
A. A retirement system is hereby established and placed under the management of the board of trustees for the purpose of providing retirement allowances and other benefits under the provisions of this Chapter for firemen employed by any municipality, parish, or fire protection district of the state of Louisiana. The retirement system so created shall be established as of January 1, 1980.
B. It shall have the power and the privileges of a corporation and shall be known as the “Firefighters’ Retirement System” and by such name all of its business shall be transacted, all of its funds invested, and all of its cash, securities, and other property held.
Added by Acts 1979, No. 434, §1; Redesignated from La. Rev. Stat. 33:2151 by Acts 1991, No. 74, §3, eff. June 25, 1991.