Section 13-400. Prohibitions with respect to trustees and employees  


Latest version.
  • Except
      as provided in this subchapter, the trustees and employees  assigned  to
      the   board  are  prohibited  from  having  any  interest,  directly  or
      indirectly, in the gains or profits of any investment  of  the  variable
      supplements  fund or as such, directly or indirectly, from receiving any
      pay or emolument for their services. The trustees  and  such  employees,
      directly  or  indirectly,  for  themselves  or  as agents or partners of
      others, shall not borrow any of its funds or deposits or in  any  manner
      use  the  same except to make such current and necessary payments as are
      authorized by such board.