Tennessee Code 8-34-202 – Name – Powers and duties generally
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Terms Used In Tennessee Code 8-34-202
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Property: includes both personal and real property. See Tennessee Code 1-3-105
- Retirement: means withdrawal from membership with a retirement allowance granted under chapters 34-37 of this title. See Tennessee Code 8-34-101
It shall have the powers, privileges and immunities of a corporation and shall be known as the “Tennessee Consolidated Retirement System,” and by such name all of its business shall be transacted, all of its funds invested, and all of its cash and securities and other property held in trust for the purpose for which received.