Louisiana Revised Statutes 42:1307 – Public notice; publication
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Terms Used In Louisiana Revised Statutes 42:1307
- Administrator: means the firm which, in accordance with its contract with the Commission, maintains the plan records, provides information to participants and prospective participants, manages the day-to-day activities of the plan relating to the transmittal of participant funds to investment product companies selected by the Commission, provides enrollment services, and/or prepares studies and recommendations for the Commission. See Louisiana Revised Statutes 42:1301
- Commission: means the Louisiana Deferred Compensation Commission. See Louisiana Revised Statutes 42:1301
- Contract: A legal written agreement that becomes binding when signed.
- Investment product: means any fixed annuity, variable annuity, life insurance contract, savings account, or any other form of investment selected by the Commission for the purpose of receiving funds under the plan. See Louisiana Revised Statutes 42:1301
Public notice of the Commission‘s intention to enter into a contract with an administrator or with an investment product company or to amend any such contract shall be published at least ten days prior to such action in the official journal of the state.
Added by Acts 1982, No. 1, §1, eff. May 6, 1982.