Pennsylvania § 8544 - Participation criteria.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 8544 — Participation criteria., with citation guidance and answers to common questions.
§ 8544. Participation criteria.
In order to be considered to participate in the program, an investment manager must meet the following criteria:
(1) Be registered under the Investment Advisers Act of 1940 (54 Stat. 847, 15 U.S.C. § 80b-1 et seq.) or be exempt from the Investment Advisers Act of 1940.
(2) Have the ability to demonstrate real and contented transparency of positions and transactions.
(3) Have the ability to provide and show quarterly liquidity.
(4) A firm, portfolio manager or any combination of firm and portfolio manager must have a five-year historical performance record verified by at least one consultant or accounting firm in accordance with the Global Investment Performance Standard in effect on the effective date of this section.
Source: official Pennsylvania text · Last verified 2026-08-27
Frequently Asked Questions About Pennsylvania § 8544
What does Pennsylvania Consolidated Statutes § 8544 cover?
Section 8544 ("Participation criteria.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. 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 Pennsylvania § 8544?
A common citation format is "Pennsylvania Consolidated Statutes § 8544" (Pennsylvania). 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 Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 8544 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania 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 Pennsylvania.