Tennessee Code 56-52-111 – Rules and regulations
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Tennessee Code 56-52-111
- Charitable organization: means an entity described by:
(A) Section 501(c)(3) of the Internal Revenue Code of 1986 ( Tennessee Code 56-52-102 - Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 56-52-102
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- 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
The commissioner may, after notice and hearing, promulgate reasonable rules, regulations and orders as are necessary or proper to carry out and effectuate this chapter, including, but not limited to, the standards for determining financial soundness and other qualifications of a charitable organization wishing to issue charitable gift annuities in this state. The regulations shall be subject to review in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.