Tennessee § 49-7-815 - Powers of funds' trustees.
Full text of Tennessee Tennessee Code Annotated § 49-7-815 — Powers of funds' trustees., with citation guidance and answers to common questions.
§ 49-7-815. Powers of funds' trustees.
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. Acts 1996, ch. 991, § 1; T.C.A., § 49-7-813 ; Acts 1999, ch. 233, §§ 25, 26. Compiler's Notes. Former § 49-7-815 , concerning prohibition against personal interest in investments, was transferred to § 49-7-817 in 1999.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 49-7-815
What does Tennessee Code Annotated § 49-7-815 cover?
Section 49-7-815 ("Powers of funds' trustees.") 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 § 49-7-815?
A common citation format is "Tennessee Code Annotated § 49-7-815" (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 § 49-7-815 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.