No board member shall receive any compensation from the plan for his or her services as such; however, board members may be reimbursed for any actual expenses they incur on board business. No bond or other security shall be required of any board member in that capacity.
Structure Code of Alabama
Chapter 49A - Mobile County Municipalities.
Part 4 - Policemen's and Firemen's Pension and Relief System.
Division 7 - Administration of Plan.
Section 45-49A-63.120 - Appointment of Board.
Section 45-49A-63.121 - Elections.
Section 45-49A-63.122 - Vacancies.
Section 45-49A-63.123 - Duties of Board.
Section 45-49A-63.124 - Establishment of Rules.
Section 45-49A-63.125 - Meetings.
Section 45-49A-63.126 - Compensation and Bonding.
Section 45-49A-63.127 - Prudent Conduct.
Section 45-49A-63.128 - Maintenance of Accounts.
Section 45-49A-63.129 - Service in More Than One Fiduciary Capacity.
Section 45-49A-63.130 - Limitation of Liability.
Section 45-49A-63.131 - Indemnification.
Section 45-49A-63.132 - City Attorney to Represent Board.