Legal Opinion
Opinion No. 77-261 (1977) Ag
Oklahoma Attorney General Reports
Decided December 12, 1977Published
1Opinion of the Court
CITIES AND TOWNS
Under 11 O.S. 48-102 [11-48-102] and 11 O.S. 50-106 [11-50-106] (1977), the trustees of the various police pension and retirement systems of the state, cities, and towns of Oklahoma may not invest in a pooled fund restricted to such police pension systems managed by a trust consultant. However, under 11 O.S. 60-106 [11-60-106](4) (1977), a board of trustees may hire a trust consultant for the purposes of advice on how pension funds should be invested, while retaining final authority to make investment decisions. Under 11 O.S. 50-106 [11-50-106](4)(d) (1977), the boards are…
2Cases cited5 opinions
- State ex rel. Peters v. McCollisterOhio Supreme Court · 1841
- State Ex Rel. Williamson v. EvansSupreme Court of Oklahoma · 1957
- Morville v. FowleMassachusetts Supreme Judicial Court · 1887
- In the Matter of Roy M. Johnson, Debtor. Otey Johnson, Individually and as Trustee v. Gordon D. Clark, the First National Bank and Trust Company of Muskogee (Trustee in Succession Ofthe Roy M. Johnson Trust) v. Gordon D. ClarkCourt of Appeals for the First Circuit · 1975
- Jones v. First Minneapolis Trust Co.Supreme Court of Minnesota · 1938