California § 22257 - Notwithstanding Section 22203, the board may contract with or appoint one or more
Full text of California Public Contract Code - PCC § 22257 — Notwithstanding Section 22203, the board may contract with or appoint one or more, with citation guidance and answers to common questions.
§ 22257. Notwithstanding Section 22203, the board may contract with or appoint one or more
(a) Notwithstanding Section 22203, the board may contract with or appoint one or more investment managers to manage the assets of the retirement fund. If the board has acted with care, skill, prudence, and diligence in meeting the requirements of Sections 22252 and 22253 in selecting and monitoring the investment managers, then, notwithstanding Sections 22250, 22252, 22253, 22254, and 22256, no board member shall be liable for the acts or omissions of the investment managers or be under any obligation to invest or otherwise manage any assets of the retirement fund that are subject to the management of the investment managers. (b) Incorporation of the fiduciary duty set forth in Section 22250 into the terms of a contract between the system and an investment manager shall be admissible as evidence that the board has acted with care, skill, prudence, and diligence in the selection of the investment manager.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 22257
What does Public Contract Code - PCC § 22257 cover?
Section 22257 ("Notwithstanding Section 22203, the board may contract with or appoint one or more") is part of the Public Contract Code - PCC, the codified statutory law of California. 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 California § 22257?
A common citation format is "Public Contract Code - PCC § 22257" (California). 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 California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 22257 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California 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 California.