Tennessee Statutes

§ 17-506 — Personal interest of board prohibited

Tennessee § 17-506

This text of Tennessee § 17-506 (Personal interest of board prohibited) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Tenn. Code Ann. § 17-506 (2026).

Text

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 such member may be a member or beneficiary of the 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 this chapter. No member of the board shall, directly or indirectly, for himself or as an agent, in any manner use the funds or deposits of the 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.

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Legislative History

Acts 1963, ch. 206, § 6.

Nearby Sections

15
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Bluebook (online)
Tennessee § 17-506, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/17-506.