Mississippi Senate Bill 2438 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Failed on March 1 2011 - 100% progression
Action: 2011-03-01 - Died In Committee
Text: Latest bill text (Engrossed) [HTML]

An Act To Amend Section 25-11-121, Mississippi Code Of 1972, To Provide That With Respect To Certain Investments Made By The Public Employees Retirement System That Are In The Form Of A Separate Managed Account, Or A Limited Partnership Or Commingled Fund, Any Person Or Entity Who Exercises Any Discretionary Authority Or Discretionary Control Respecting Management Of The Separate Account, Limited Partnership Or Commingled Fund, Or Who Exercises Any Authority Or Control Respecting Management Or Disposition Of The Assets Of The Separate Account, Limited Partnership Or Commingled Fund, Shall Exercise Such Authority Or Control As A Fiduciary; And For Related Purposes.

Retirement; provide that persons who exercise control over certain PERS investments shall act as fiduciaries.

Sen. Bob Dearing [D]

Sen. Dean Kirby [R]

2011-02-02 - Senate - Senate Passed (Y: 51 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2011-03-01		Died In Committee
2011-02-07		Referred To Appropriations
2011-02-03		Transmitted To House
2011-02-02		Passed
2011-01-27		Title Suff Do Pass
2011-01-12		Referred To Finance

Type	Source
Summary	https://billstatus.ls.state.ms.us/2011/pdf/history/SB/SB2438.xml
Text	https://billstatus.ls.state.ms.us/documents/2011/html/SB/2400-2499/SB2438IN.htm
Text	https://billstatus.ls.state.ms.us/documents/2011/html/SB/2400-2499/SB2438PS.htm
Roll Call	https://billstatus.ls.state.ms.us/2011/pdf/votes/senate/0300006.pdf