5-8-302 - Committee on investment. - Tennessee Statutes

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5-8-302. Committee on investment.

(a) For the purpose of carrying out the provisions of § 5-8-301, the county legislative body of the several counties may appoint a committee with authority to designate the types of investments, the amounts of those investments and the maturity of those investments.

(b) No liability shall attach to any member of a committee selected for the purpose mentioned in subsection (a), except for misfeasance or malfeasance in the performance of the duties imposed on the committee.

[Acts 1943, ch. 23, § 2; C. Supp. 1950, § 1044.2 (Williams, § 1080.2); impl. am. Acts 1978, ch. 934, §§ 7, 36; T.C.A. (orig. ed.), § 5-820; Acts 2006, ch. 693, § 3.]

State Codes and Statutes

Statutes > Tennessee > Title-5 > Chapter-8 > Part-3 > 5-8-302

5-8-302. Committee on investment.

(a) For the purpose of carrying out the provisions of § 5-8-301, the county legislative body of the several counties may appoint a committee with authority to designate the types of investments, the amounts of those investments and the maturity of those investments.

(b) No liability shall attach to any member of a committee selected for the purpose mentioned in subsection (a), except for misfeasance or malfeasance in the performance of the duties imposed on the committee.

[Acts 1943, ch. 23, § 2; C. Supp. 1950, § 1044.2 (Williams, § 1080.2); impl. am. Acts 1978, ch. 934, §§ 7, 36; T.C.A. (orig. ed.), § 5-820; Acts 2006, ch. 693, § 3.]

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Statutes > Tennessee > Title-5 > Chapter-8 > Part-3 > 5-8-302

5-8-302. Committee on investment.

(a) For the purpose of carrying out the provisions of § 5-8-301, the county legislative body of the several counties may appoint a committee with authority to designate the types of investments, the amounts of those investments and the maturity of those investments.

(b) No liability shall attach to any member of a committee selected for the purpose mentioned in subsection (a), except for misfeasance or malfeasance in the performance of the duties imposed on the committee.

[Acts 1943, ch. 23, § 2; C. Supp. 1950, § 1044.2 (Williams, § 1080.2); impl. am. Acts 1978, ch. 934, §§ 7, 36; T.C.A. (orig. ed.), § 5-820; Acts 2006, ch. 693, § 3.]