Statute · California Government Code
Cal. Gov't Code § 53216.5 — Pension Trusts
Cal. Gov't Code § 53216.5
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 1984-09-30
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Notwithstanding any other provisions of this article and except as otherwise expressly restricted by the California Constitution and by law, the legislative body, trust, or other body, authorized to make investments for a pension trust, may invest, or delegate the authority to invest, the assets…
Citator
Cal. Gov't Code § 53216.5 — Pension Trusts is in force in the current edition of the Code, and nothing recorded condemns it.
Notwithstanding any other provisions of this article and except as otherwise expressly restricted by the California Constitution and by law, the legislative body, trust, or other body, authorized to make investments for a pension trust, may invest, or delegate the authority to invest, the assets of the pension trust, through the purchase, holding, or sale of any form or type of investment, financial instrument, or financial transaction when prudent in the informed opinion of that body pursuant to Section 53216.6.