California Legal Codes and Statutes

§ 54956.81

Added by Stats. 2004, Ch. 533, Sec. 20. Effective January 1, 2005.

Notwithstanding any other provision of this chapter, a legislative body of a local agency that invests pension funds may hold a closed session to consider the purchase or sale of particular, specific pension fund investments. All investment transaction decisions made during the closed session shall be made by rollcall vote entered into the minutes of the closed session as provided in subdivision (a) of Section 54957.2.

Cite this section

Cal. Gov. Code § 54956.81 (2026)
https://ca.codecond.com/codes/gov/title-5-local-agencies/division-2-cities-counties-and-other-agencies/part-1-powers-and-duties-common-to-cities-counties-and-other-agencies/chapter-9-meetings/section-54956.81

Other sections in Chapter 9 - Meetings

§ 54950§ 54950.5§ 54951§ 54952§ 54952.1§ 54952.2§ 54952.3§ 54952.6§ 54952.7§ 54953…§ 54957.10§ 54958§ 54959§ 54960§ 54960.1§ 54960.2§ 54960.5§ 54961§ 54962§ 54963

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.