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Minnesota Legislature

Office of the Revisor of Statutes

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.