§88-108  Cash for meeting disbursements. 
For the purpose of meeting disbursements for retirement allowances, pensions,
annuities and other payments, there may be kept available cash, not exceeding
ten per cent of the total amount in the several funds of the system, on deposit
in any one or more banks or trust companies of the State, organized under the
laws thereof or of the United States.  The sum on deposit in any one bank or
trust company shall not exceed twenty-five per cent of the paid up capital and
surplus of the bank or trust company. [L 1925, c 55, pt of §7; RL 1935, pt of
§7926; RL 1945, §711, subs 3; RL 1955, §6-79; HRS §88-98; am L 1969, c 110, pt
of §1]