American Samoa § 7.1509 - Investments.
Full text of American Samoa American Samoa Code Annotated § 7.1509 — Investments., with citation guidance and answers to common questions.
§ 7.1509. Investments.
The Board may create a trust or other special funds for the segregation of funds or assets resulting from compensation deferred and for the administration of the plan. Funds held by the Board pursuant to a plan established under this chapter shall be invested in investment products permitted under the plan; provided, that any investment contract entered into shall be made with companies authorized and licensed to do business in American Samoa. Investment products shall be limited to annuities, life insurance, savings accounts, mutual funds, or any combination thereof which shall have been reviewed and selected by the Board after a competitive bidding process based on the specifications and considerations deemed appropriate by the Board. Nothing in this chapter shall be construed to permit any type of in-vestment prohibited by law, but shall not be included in the computation of income taxes withheld on behalf of any participating employees.
Frequently Asked Questions About American Samoa § 7.1509
What does American Samoa Code Annotated § 7.1509 cover?
Section 7.1509 ("Investments.") is part of the American Samoa Code Annotated, the codified statutory law of American Samoa. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite American Samoa § 7.1509?
A common citation format is "American Samoa Code Annotated § 7.1509" (American Samoa). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of American Samoa law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the American Samoa official source linked on this page or consult a licensed American Samoa attorney.
How does American Samoa § 7.1509 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in American Samoa can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in American Samoa.