§88E-8  Deferred funds.  Sums deferredunder the plan, as well as property and rights purchased with such amounts andincome attributable to such amounts, shall be held in trust outside the statetreasury in accordance with section 457 of the Internal Revenue Code of 1986,as amended, for the exclusive benefit of participants and their beneficiaries.[L Sp 1981 1st, c 7, pt of §1; am L 1997, c 171, §1; am L 2000, c 253, §127]