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Section 49-7-1402 - Request to participate in pool - Discontinuation of participation — Tennessee Law | CourtGPT
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  7. Section 49-7-1402 - Request to participate in pool - Discontinuation of participation
Tennessee Legal Code

Section 49-7-1402 - Request to participate in pool - Discontinuation of participation

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(a) A higher education foundation may participate in the investment pool by submitting a request to the state treasurer to have some or all of its money invested in the investment pool.(b) Should a participant wish to discontinue its participation in the investment pool, it may submit a request to the state treasurer for the return of its principal investment or investment income or both; however, a redemption of shares does not guarantee that a participant will receive the entire amount of the principal investment or investment income or both. Added by 2015 Tenn. Acts, ch. 324,s 1, eff. 4/28/2015.