2023 Tennessee Code 4-28-115 – Liquidation of remaining state ownership interests – Method – Approval by treasurer – Investments liquidated after program end date
Current as of: 2023 | Check for updates
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Beginning on December 31, 2021, the department shall liquidate any remaining ownership interests owned by the state. Methods to liquidate remaining ownership interests include the sale of interests to a third party. The sale of any ownership interests shall be approved by the treasurer. Qualified investments that are liquidated after the program end date must be distributed between the qualified TNInvestco and the state according to the end date profit share percentage.