(a) In the event of default in payment of the principal or interest of any investment obligation held by any state retirement system where the issuer of the obligation receives moneys from the state, the default shall be certified by the board of the respective system to the Treasurer of State.
(b) The Treasurer of State shall withhold all moneys due the issuer from the state until the default, together with regular interest thereon, is satisfied.
Section: Previous 24-2-602 24-2-603 24-2-604 24-2-605 24-2-606 24-2-607 24-2-608 24-2-609 24-2-610 24-2-611 24-2-612 24-2-613 24-2-614 24-2-615 NextLast modified: November 15, 2016