Tennessee § 8-37-107 - Personal interest in investments prohibited.
Full text of Tennessee Tennessee Code Annotated § 8-37-107 — Personal interest in investments prohibited., with citation guidance and answers to common questions.
§ 8-37-107. Personal interest in investments prohibited.
Except as otherwise herein provided, no trustee and no employee of the board of trustees shall have any personal interest in the gains or profits of any investment made by the board; nor shall any trustee or employee of the board, directly or indirectly, for such trustee or employee or as an agent, in any manner for such trustee or employee or as an agent, in any manner use the same except to make such current and necessary payments as are authorized by the board; nor shall any trustee or employee of the board become an endorser or surety, or in any manner an obligor, for money loaned to or borrowed from the board. Acts 1972, ch. 814, § 7; T.C.A., § 8-3929(6).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 8-37-107
What does Tennessee Code Annotated § 8-37-107 cover?
Section 8-37-107 ("Personal interest in investments prohibited.") 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 § 8-37-107?
A common citation format is "Tennessee Code Annotated § 8-37-107" (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 § 8-37-107 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.