Subdivision 1. Public meetings. A meeting of the governing board of a covered pension plan or of a committee of the governing board of the covered pension plan is governed by chapter 13D.
Subd. 2. Limit on compensation. No fiduciary of a covered pension plan or a direct relative of a fiduciary may receive any direct or indirect compensation, fee, or other item of more than nominal value from a third party in consideration for a pension plan disbursement.
1989 c 319 art 7 s 8; 1Sp2001 c 10 art 4 s 2
Structure Minnesota Statutes
Chapters 352 - 356B — Retirement
Chapter 356A — Public Pension Fiduciary Responsibility
Section 356A.01 — Definitions.
Section 356A.02 — Fiduciary Status And Activities.
Section 356A.03 — Prohibition Of Certain Persons From Fiduciary Status.
Section 356A.04 — General Standard Of Fiduciary Conduct.
Section 356A.05 — Duties Applicable To All Activities.
Section 356A.06 — Investments; Additional Duties.
Section 356A.07 — Benefit Summary; Annual Reports; Additional Duties.
Section 356A.08 — Plan Administration; Additional Duties.
Section 356A.09 — Fiduciary Breach; Remedies.
Section 356A.10 — Cofiduciary Responsibility And Liability.
Section 356A.11 — Fiduciary Indemnification.
Section 356A.12 — Jurisdiction; Service Of Process; And Statute Of Limitations.