TCA 49-7-815
Powers of funds’ trustees
PENDINGUnknown
What does this charge mean?
Trustees of university funds have broad powers to manage investments, distribute funds, and enter into agreements to support the university's educational mission.
Penalty Details
ClassificationUnknown
Penalty SummaryClassification not specified
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.
View on official sourceLast verified: Feb 25, 2026
Quick Facts
PENDING
TCA Section49-7-815