Tennessee Statutes
§ 17-506 — Personal interest of board prohibited
Tennessee·Title 8
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
§ 17-1-101
Age§ 17-1-102
Residence§ 17-1-103
Election§ 17-1-104
Oath of office§ 17-1-106
Judges to be lawyers - Exceptions§ 17-1-107
Uniformly reported caseload statistics§ 17-1-201
Attendance at court required§ 17-1-202
Penalty for failure to open court§ 17-1-203
Powers in other districts§ 17-1-204
Extraordinary process§ 17-1-205
Appointment of receivers§ 17-1-206
Marriage rites§ 17-1-301
Vacancies in office§ 17-1-302
§ 17-1-302