Terms Used In Tennessee Code > Title 49 > Chapter 4 > Part 1 - Cooperative Scholarship Plans

• Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
• Commissioner: means the commissioner of commerce and insurance. See Tennessee Code 49-4-101
• 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.
• Corporation: means a corporation or association not for profit authorized to administer a plan in the state. See Tennessee Code 49-4-101
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Fiscal year: means the period beginning January 1 and ending December 31 of each year. See Tennessee Code 49-4-101
• Fraud: Intentional deception resulting in injury to another.
• Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Member: means any person who is accepted as a member by the plan and who may later become eligible for a scholarship as provided in the charter and bylaws of the plan. See Tennessee Code 49-4-101
• Minor: means any person who has not attained eighteen (18) years of age. See Tennessee Code 1-3-105
• Oath: includes affirmation. See Tennessee Code 1-3-105
• Oath: A promise to tell the truth.
• Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
• Plan: means any educational cooperative plan or scholarship plan subject to this part. See Tennessee Code 49-4-101
• Representative: when applied to those who represent a decedent, includes executors and administrators, unless the context implies heirs and distributees. See Tennessee Code 1-3-105
• Scholarship: means educational benefits payable pursuant to a plan which shall not be deemed to be distribution of income to a member of a corporation. See Tennessee Code 49-4-101
• 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
• Trustee: A person or institution holding and administering property in trust.
• Year: means a calendar year, unless otherwise expressed. See Tennessee Code 1-3-105