Tennessee § 49-4-102 Plans subject to law

Tennessee Statutes

§ 49-4-102 — Plans subject to law

Tennessee § 49-4-102

Title49

This text of Tennessee § 49-4-102 (Plans subject to law) 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. § 49-4-102 (2026).

Text

(a)Any educational cooperative plan or scholarship plan shall be deemed a plan subject to this part if the principal features of the plan consist of:

(1)Participation by a specific person based on contributions made on behalf of that person; and (2) Qualification for participation in whole or in part based upon amount and duration of the contribution.

(b)Any person, firm, corporation or corporation for profit may advertise or solicit funds for the plans if employed by the corporation not for profit; provided, that the person, firm, corporation or corporation for profit complies fully with the provisions set out in this part.

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(a) Any educational cooperative plan or scholarship plan shall be deemed a plan subject to this part if the principal features of the plan consist of: (1) Participation by a specific person based on contributions made on behalf of that person; and (2) Qualification for participation in whole or in part based upon amount and duration of the contribution. (b) Any person, firm, corporation or corporation for profit may advertise or solicit funds for the plans if employed by the corporation not for profit; provided, that the person, firm, corporation or corporation for profit complies fully with the provisions set out in this part.