§453.  Payroll System Custodian declared trustee

The designated custodian of the approval payroll system(s), by virtue of his responsibility, is named and designated, ex officio, trustee of that U.S. series "EE" bond account/fund created under R.S. 42:452.  He shall serve as trustee of the account/fund without compensation.

Amended by Acts 1981, No. 642, §1.