86.300. Trustees to manage funds.
Trustees to manage funds.
86.300. The board of trustees shall be the trustees of the assets ofthe retirement system created by sections 86.200 to 86.366 and shall havefull power to hold, purchase, sell, assign, transfer or dispose of any ofthe securities and investments in which any of the assets shall have beeninvested, as well as the proceeds of such investments and any moneysbelonging to the retirement system, subject to the terms, conditions andlimitations provided in sections 105.687 to 105.689, RSMo.
(L. 1957 p. 256 § 30, A.L. 1965 p. 201, A.L. 2000 H.B. 1808, A.L. 2001 S.B. 290)CROSS REFERENCES:
Bi-state development agency, bonds of, investment in authorized, RSMo 70.377
Multinational banks, securities and obligations of, investment in, when, RSMo 409.950