The members of the board shall use that degree of care, skill, prudence, and diligence that a prudent person acting in a like capacity and familiar with such matters would use in a similar situation.
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.