Section 22254 Of Chapter 4. Fiduciary Duties From California Education Code >> Division 1. >> Title 1. >> Part 13. >> Chapter 4.
22254
. (a) Any board member or officer who breaches any of the
responsibilities, obligations, or duties imposed upon them by Section
22251, 22252, or 22253 shall be personally liable to make
restitution to the retirement fund for any losses to it resulting
from each breach, and to restore any profits that have been made
through use of assets of the fund and shall be subject to any other
equitable or remedial relief the court may deem appropriate,
including removal from the board.
(b) No board member or officer shall be liable with respect to a
breach of fiduciary duty under this part if the breach was committed
before the board member or officer became one, or ceased to be one.