Tennessee Code 49-7-815 – Powers of funds’ trustees
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 49-7-815
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Board: means the board of trustees of the college savings trust fund program described in this part. See Tennessee Code 49-7-802
Subject to the limitations in § 49-7-814, the board, or its nominee, has full power to hold, purchase, sell, assign, transfer or dispose of any of the securities or investments in which the assets of the funds have been invested, as well as of the proceeds of the investments and any moneys belonging to the funds.