Statutes > Kentucky Statutes > CHAPTER 61 GENERAL PROVISIONS AS TO OFFICES AND OFFICERS -- SOCIAL SECURITY FOR PUBLIC EMPLOYEES -- EMPLOYEES RETIREMENT SYSTEM > 61.655 Board of trustees -- Conflict of interest.

61.655 Board of trustees -- Conflict of interest.

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61.655 Board of trustees -- Conflict of interest. No trustee of the board shall have any interest, direct or indirect, in the gains or profits of <br>any investment made by the board, save insofar as any such trustee may be a member or <br>beneficiary of the retirement system. No trustee of the board shall, directly or indirectly, <br>for himself or as an agent, in any manner use the funds or deposits of the retirement <br>system, except to make such payments therefrom as are authorized by the board; nor shall <br>any trustee of the board become an indorser or surety or in any manner an obligor for <br>moneys loaned by or borrowed from the board. History: Amended 1972 Ky. Acts ch. 116, sec. 50. -- Created 1956 Ky. Acts ch. 110, sec. 30.