{"data":{"id":"us-tn/tenn.-code-ann.-50-6-610","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 50-6-610","heading":"Powers of fund","body":"For purposes of exercising the specific powers granted in this part and carrying out the other purposes of this part, the fund may:\n(1) Sue and be sued;\n(2) Have a seal and alter it at will;\n(3) Make, amend, and repeal rules relating to the conduct of the business of the fund;\n(4) Enter into contracts relating to the administration of the fund;\n(5) Rent, lease, buy, or sell property in its own name and may construct or repair buildings necessary to provide space for its operations;\n(6) Declare a dividend when there is an excess of assets over liabilities, and minimum surplus requirements;\n(7) Pay medical expenses, rehabilitation expenses, compensation due claimants of insured employers, pay salaries, and pay administrative and other expenses;\n(8) Hire personnel and set salaries and compensation; and\n(9) Perform all other functions and exercise all other powers of a domestic insurance company that are necessary, appropriate, or convenient to administer the fund.","path":["TN Code","Title 50","Chapter 6"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"d5bd0e05770ccb4ece1cd90beb5760644fa30e9a25d70477fd1ae9bb9cca3e94","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-50-6-609","next":"us-tn/tenn.-code-ann.-50-6-615"},"notice":"GroundRules: Original legal text. Not legal advice."}