(a) The Marshall T. Nave Paramedical School located in Elizabethton, under the governance of the state board of education, which includes the school’s facilities, funds, assets, properties and liabilities, is transferred to, in order to become a unit of, the East Tennessee State University.
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Terms Used In Tennessee Code 49-8-501

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
(b) The transfer shall place the paramedical school under the control, direction, and supervision of East Tennessee State University and its state university board.
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