Sec. 609.103.  DESIGNATION OF PLAN ADMINISTRATOR.  (a)  A political subdivision that creates a deferred compensation plan shall designate a plan administrator for the plan.
(b)  Political subdivisions that create a single plan shall designate jointly a plan administrator for the plan.
(c)  A plan administrator may be an employee, a nonprofit corporation, an individual, a trustee, a private entity, another political subdivision, or an association of political subdivisions.
Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993.