All moneys in members' accounts, all property and rights purchased therewith, and all income attributable thereto, shall be held in trust by the state investment board, as set forth under RCW 43.33A.030, for the exclusive benefit of the members and their beneficiaries.
RCW 41.34.120
Money, property, income held in trust.
Applied in 2 court decisions — leading case FEDERATION OF STATE EMPLOYEES v. State (2001)
Most recently applied in FEDERATION OF STATE EMPLOYEES v. State (July 2001)
1998 c 341 s 306.
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.