§ 36-8-17 - Improper interest in investments of board. - Rhode Island Statutes

SECTION 36-8-17

   § 36-8-17  Improper interest in investmentsof board. – Except as herein provided, no member of the board and no employee of the boardshall have any interest, direct or indirect, in the gains or profits of anyinvestment made by the retirement board, nor as such directly or indirectlyreceive any pay or emolument for his or her services. No member of the board oremployee of the board shall, directly or indirectly, for himself or herself oras an agent, in any manner use the gains or profits, except to make suchcurrent and necessary payments as are authorized by the retirement board; norshall any member or employee of the board become an endorser or surety orbecome in any manner an obligor for money loaned or borrowed from theretirement board.