§ 154-217. Maintenance of single trust fund.

All of the assets at any time received or held by the board of trustees shall be held as a single trust fund, except that funds held or received by the board of trustees to pay benefits pursuant to subdivision IX of the plan shall be held in a subtrust pursuant to section 154-271. The maintenance of separate accounts or records for operational and accounting purposes shall not be considered as segregating any funds or property from any other funds or property contained in the trust fund, except as provided by section 154-271.

(91-RC-669, § 8.7, 12-18-91; 00-1471, § 6, 12-20-00)

Editor's note

The provisions of section 154-217 shall become effective Jan. 1, 2000.