Tennessee § 49-7-819 - Authorization to contract for investment management services.
Full text of Tennessee Tennessee Code Annotated § 49-7-819 — Authorization to contract for investment management services., with citation guidance and answers to common questions.
§ 49-7-819. Authorization to contract for investment management services.
Notwithstanding any other law to the contrary, the board may, at its option, contract for investment management services for the assets of either or both of the trust funds and provide for the powers, duties, functions and compensation of any investment managers so engaged. Any contract for investment management services shall be procured in the manner prescribed by the board. All expenses and fees incidental to outside investment management may, at the board's sole discretion, be charged to and paid from the earnings of the respective fund. Acts 1996, ch. 991, § 1; T.C.A., § 49-7-817 ; Acts 1999, ch. 233, §§ 29, 30. Compiler's Notes. Former § 49-7-819 , concerning cooperation from other state agencies, was transferred to § 49-7-821 in 1999.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 49-7-819
What does Tennessee Code Annotated § 49-7-819 cover?
Section 49-7-819 ("Authorization to contract for investment management services.") 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 § 49-7-819?
A common citation format is "Tennessee Code Annotated § 49-7-819" (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 § 49-7-819 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.