The board of trustees shall determine from time to time the rate of regular interest for use in all calculations. Such rate shall be limited to a minimum of three per cent (3%) and a maximum of six per cent (6%), with the former rate applicable until changed by the board. Increases in the regular rate of interest shall be made by the board only when justified by corresponding increases in earnings of interest and dividends.Acts 1945, ch. 29, § 7; C. Supp. 1950, § 2540.7 (Williams, § 2524.7); Acts 1963, ch. 185, § 1.
Tennessee Legal Code