§88E-8  Deferred funds.  Sums deferred
under the plan, as well as property and rights purchased with such amounts and
income attributable to such amounts, shall be held in trust outside the state
treasury 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]