§ 18-93. Trust fund applicable only to payment of benefits.

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It shall be impossible, at any time prior to the satisfaction of all liabilities with respect to covered employees and their beneficiaries under the trust, for any part of the principal or income of the trust to be used for, or diverted to, purposes other than for the exclusive benefit of the employees or their beneficiaries, except for usual and customary charges and expenses associated with the operation and management of the plan and fund.

(Code 1964, § 9A-27(f))

                    
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