TITLE 5. LOCAL AGENCIES 50001-57607›DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES 53000-55821›PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES 53000-54999.7›CHAPTER 2. Officers and Employees 53200-53299›ARTICLE 1.5. Pension Trusts 53215-53224
§ 53216.8
California Government Code · 2026-09 edition · updated 2026-10-03 · California
In the case of a pension trust established pursuant to this article which provides for individual accounts and permits a participant or beneficiary to direct investments in his or her account, if a participant or beneficiary directs investments in his or her account, no person who is a corporate custodian or a corporate trustee that provides services to the pension trust shall be liable for any loss, or by reason of any breach, which results from that participant’s or beneficiary’s directions with respect to the assets in his or her account.
(Added by Stats. 2000, Ch. 34, Sec. 1. Effective January 1, 2001.)
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