Tennessee Code 8-4002 – County officials’ retirement fund created
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Terms Used In Tennessee Code 8-4002
- 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.
- Retirement: means withdrawal from membership with a retirement allowance granted under chapters 34-37 of this title. See Tennessee Code 8-34-101
There is created and established as of July 1, 1968, a retirement fund for county officials as herein defined to be known as the “Tennessee County Officials’ Retirement Fund.” All transactions of the system shall be in the name of the system and the system shall have all the powers and privileges of a corporation and shall function as hereinafter provided.