Section 2.04. Title holding companies.

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The investment board may create and own limited liability companies through which it holds title to investments made with funds under its control as investments made in the name of the board. Primary operational responsibilities at such companies shall be vested in one or more independent managers, though investment board employees, members, agents or other representatives may serve as officers or directors upon advance approval by the investment board.

History: Cr. Register, September, 2000, No. 537 , eff. 10-1-00.

                    
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