Section 12J.7 - Legal obligations — immunity.

IA Code § 12J.7 (2019) (N/A)
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12J.7 Legal obligations — immunity.

With respect to actions taken in compliance with this chapter, including all good-faith determinations regarding companies as required by this chapter, the public fund shall be immune from any liability and exempt from any conflicting statutory or common law obligations, including any such obligations in respect to choice of asset managers, investment funds, or investments for the public fund’s securities portfolios.

2016 Acts, ch 1102, §7