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356A.08 Plan administration; additional duties.

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.

HIST: 1989 c 319 art 7 s 8; 1Sp2001 c 10 art 4 s 2