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Current as of January 02, 2024 | Updated by Findlaw Staff
As used in this part:
(1) “Board” means the board of trustees for the Tennessee consolidated retirement system;
(2) “China” means the government of the People's Republic of China, the Chinese Communist Party, the Chinese military, or any instrumentality thereof;
(3) “Company” means a sole proprietorship, organization, association, corporation, partnership, joint venture, limited partnership, limited liability partnership, limited liability company, or another entity or business association, including all wholly owned subsidiaries, majority-owned subsidiaries, and parent companies, or an affiliate of such entity or business association that exists for the purpose of making a profit;
(4) “Direct holdings” means, in a company, all public securities with a number assigned by the Committee on Uniform Securities Identification Procedures (CUSIP) or the International Securities Identification Numbers Organization (ISIN) that are held directly by the retirement system or a political subdivision pension plan, except as provided in subdivision (7), or in an account or fund in which the retirement system or a political subdivision pension plan owns all shares or interests;
(5) “Divest” means a sale, redemption, replacement, or another activity that terminates an investment;
(6) “Governing body” means the body that has oversight and control over a political subdivision pension plan;
(7) “Indirect holdings” means, in a company, all securities of that company that are held in a commingled fund or other collective investment, including, but not limited to, private equity funds, strategic lending funds, mutual funds, and exchange traded funds, in which the retirement system or a political subdivision pension plan owns shares or interests, together with other investors not subject to this part;
(8) “Investment activity” means investing, reinvesting, or lending the funds of the retirement system or a political subdivision pension plan;
(9) “Majority-owned” means to have ownership of more than fifty percent (50%) of the outstanding equity interests of a company;
(10) “Political subdivision pension plan” means a defined benefit pension plan established and maintained by a political subdivision and subject to chapter 3, part 5 of this title;
(11) “Restricted entity” means a company that is known through publicly available information to be majority-owned by China;
(12) “Restricted investment” means the investment activity of the retirement system or a political subdivision pension plan in a restricted entity; and
(13) “Retirement system” means the Tennessee consolidated retirement system defined benefit pension plan.
Cite this article: FindLaw.com - Tennessee Code Title 9. Public Finances § 9-4-1501 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-9-public-finances/tn-code-sect-9-4-1501/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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