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Minn. Stat. § 356A.08

PLAN ADMINISTRATION; ADDITIONAL DUTIES.

1989 c 319 art 7 s 8; 1Sp2001 c 10 art 4 s 2

Subdivision 1. Public meetings.

A meeting of the governing board of a covered pension plan or of a committee of the governing board of the covered pension plan is governed by chapter 13D.

Subd. 2. Limit on compensation.

No fiduciary of a covered pension plan or a direct relative of a fiduciary may receive any direct or indirect compensation, fee, or other item of more than nominal value from a third party in consideration for a pension plan disbursement.

Official source: Minnesota Office of the Revisor of Statutes. Reproduced from public-domain Minnesota statutes; confirm against the official source for the current text. Not legal advice.