(a) Generally. In exercising authority, control, or discretion with respect to the System, a fiduciary may not:
(1) use the assets of the System for the fiduciary's own interest or account;
(2) act in a transaction involving the System on behalf of a person, or represent a person, if the interests of the person are adverse to the interests of the System or the interests of participants;
(3) receive any consideration for the fiduciary's own account from a person dealing with the System in connection with a transaction involving the assets of the System; or
(4) become an endorser or surety or, in any manner, an obligor for money lent to or borrowed from the assets of the System.
(b) Participation in plans. Nothing in this section prohibits a Trustee or employee of the County from being a participant in a plan or receiving any benefit to which the Trustee or employee is entitled under a plan.
(1985 Code, Art. 7, § 2-404) (Bill No. 88-96; Bill No. 90-01)