409.950. Fiduciaries and employee retirement systems, investment in certain multinational development banks authorized. — Notwithstanding any other law to the contrary, securities or other obligations issued by multinational development banks in which the United States is a member nation, including the African Development Bank, shall be treated as eligible for investment by all employee retirement systems and by all fiduciaries created or regulated pursuant to the laws of this state. Nothing in this section or in section 379.080 shall be construed to require such investments.
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(L. 1985 H.B. 589 § 1, A.L. 2007 S.B. 66)
---- end of effective 28 Aug 2007 ----
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