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Chapter 354C
Section 354C.15
Recent History
- 2010 354C.15 Repealed 2010 c 359 art 8 s 5
- 1995 354C.15 New 1995 c 141 art 4 s 21
This is an historical version of this statute chapter. Also view the most recent published version.
354C.15 REDEMPTION OF SUPPLEMENTAL INVESTMENT FUND SHARES.
(a) The Board of Trustees of the Minnesota State Colleges and Universities shall redeem all
shares in the accounts of the Minnesota supplemental investment fund held on behalf of personnel
covered by the supplemental retirement plan upon the election by the person of an investment
option other than the supplemental investment fund, except as provided in paragraph (b).
(b) The redemption of shares in the fixed interest account attributable to a guaranteed
investment contract as of July 1, 1994, may not occur until the expiration date of the applicable
guaranteed investment contract.
(c) The Board of Trustees of the Minnesota State Colleges and Universities shall transfer
the cash realized from a redemption of Minnesota supplemental investment fund shares to the
financial institution or institutions selected by the State Board of Investment under section
354B.25, subdivision 3.
History: 1995 c 141 art 4 s 21; 1995 c 212 art 4 s 64
(a) The Board of Trustees of the Minnesota State Colleges and Universities shall redeem all
shares in the accounts of the Minnesota supplemental investment fund held on behalf of personnel
covered by the supplemental retirement plan upon the election by the person of an investment
option other than the supplemental investment fund, except as provided in paragraph (b).
(b) The redemption of shares in the fixed interest account attributable to a guaranteed
investment contract as of July 1, 1994, may not occur until the expiration date of the applicable
guaranteed investment contract.
(c) The Board of Trustees of the Minnesota State Colleges and Universities shall transfer
the cash realized from a redemption of Minnesota supplemental investment fund shares to the
financial institution or institutions selected by the State Board of Investment under section
354B.25, subdivision 3.
History: 1995 c 141 art 4 s 21; 1995 c 212 art 4 s 64
Official Publication of the State of Minnesota
Revisor of Statutes