Tennessee § 49-1502 - Establishment of system — Management.
Full text of Tennessee Tennessee Code Annotated § 49-1502 — Establishment of system — Management., with citation guidance and answers to common questions.
§ 49-1502. Establishment of system — Management.
A retirement system is established and placed under the management of the board of trustees for the purpose of providing retirement allowances and other benefits under the provisions of this chapter for teachers of the state. The retirement system so created shall be established as of July 1, 1945. It shall have the power and privilege of a corporation and shall be known as the “Tennessee Teachers' Retirement System,” and by such name all of its business shall be transacted, all of its funds invested, and all of its cash and securities and other property held in trust for the purpose for which received. Acts 1945, ch. 29, § 2; C. Supp. 1950, § 2540.2 (Williams, § 2524.2).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 49-1502
What does Tennessee Code Annotated § 49-1502 cover?
Section 49-1502 ("Establishment of system — Management.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 49-1502?
A common citation format is "Tennessee Code Annotated § 49-1502" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 49-1502 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.