Subject to the limitations in § 49-7-814, the board, or its nominee, has full power to hold, purchase, sell, assign, transfer or dispose of any of the securities or investments in which the assets of the funds have been invested, as well as of the proceeds of the investments and any moneys belonging to the funds.
Structure 2021 Tennessee Code
Chapter 7 - Postsecondary and Higher Education Generally
Part 8 - The Tennessee College Savings Trust Act
§ 49-7-805. Board of Trustees — Powers and Duties
§ 49-7-813. Custodian of Funds — Disbursements
§ 49-7-815. Powers of Funds' Trustees
§ 49-7-816. Transaction of Business — Nominees
§ 49-7-817. Personal Interest in Investments Prohibited
§ 49-7-821. Cooperation From Other State Agencies
§ 49-7-822. Exemption of Assets and Benefits From Taxation, Execution, Garnishment and Assignment