TITLE 1. GENERAL EDUCATION CODE PROVISIONS 1-32500›DIVISION 1. GENERAL EDUCATION CODE PROVISIONS 1-32500›PART 13. STATE TEACHERS' RETIREMENT SYSTEM 22000-25115›CHAPTER 4. Fiduciary Duties 22250-22261

§ 22259

California Education Code · 2020-11 edition · updated 2026-10-04 · California

(a) All board members and officers and employees of the system shall execute a fidelity bond, in an amount determined by the board to be prudent, conditioned upon the faithful performance of the duties of the board member or employee.

(b) All board members and officers and all staff of the investment division who are authorized to invest funds shall be covered with fiduciary liability insurance in an amount determined by the board to be prudent.

(Amended by Stats. 1996, Ch. 634, Sec. 62. Effective January 1, 1997.)

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California Education Code

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