Tennessee Statutes

§ 8-37-112 — Assets - Exclusive purposes

Tennessee·Title 8
The assets of the plan shall never inure to the benefit of an employer and shall be held for the exclusive purposes of providing benefits to members and their beneficiaries and defraying reasonable expenses of administering the plan.

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Legislative History

Added by 2016 Tenn. Acts, ch. 605,s 12, eff. 3/17/2016.

Nearby Sections

15
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