Tennessee § 65-160 - Interest of trustees in investments prohibited — Unauthorized emoluments prohibited — Improper use of funds.
Full text of Tennessee Tennessee Code Annotated § 65-160 — Interest of trustees in investments prohibited — Unauthorized emoluments prohibited — Improper use of funds., with citation guidance and answers to common questions.
§ 65-160. Interest of trustees in investments prohibited — Unauthorized emoluments prohibited — Improper use of funds.
No member of the board shall have an interest, direct or indirect, in the gains or profits of any investment made by the board, save insofar as any member may be a commissioner participating in the public service commissioners' retirement system, and no member of the board shall receive, directly or indirectly, any payment or emolument for his services except as expressly provided in §§ 65-151 — 65-168. No member of the board shall, directly or indirectly, for himself or an agent, in any manner use the funds or deposits of the public service commissioners' retirement system, except to make such payments therefrom as are authorized by the board, nor shall any member become an indorser or surety or in any manner an obligor for moneys loaned by or borrowed from the board. Acts 1969, ch. 231, § 5.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 65-160
What does Tennessee Code Annotated § 65-160 cover?
Section 65-160 ("Interest of trustees in investments prohibited — Unauthorized emoluments prohibited — Improper use of funds.") 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 § 65-160?
A common citation format is "Tennessee Code Annotated § 65-160" (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 § 65-160 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.