Subject to the limitations in § 49-7-814, the board, or its nominee, has full power to hold, purchase, sell, assign, transfer or dispose of any of the securities or investments in which the assets of the funds have been invested, as well as of the proceeds of the investments and any moneys belonging to the funds.
Tenn. Code Ann. § 49-7-815
Powers of funds' trustees
Acts 1996, ch. 991, § 1; T.C.A., § 49-7-813; Acts 1999, ch. 233, §§ 25, 26.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.