# Tenn. Code Ann. § 49-4-101: Part definitions

> Tennessee · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-101

## Section

- **Citation:** Tenn. Code Ann. § 49-4-101
- **Heading:** Part definitions
- **Jurisdiction:** Tennessee
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TN Code / Title 49 / Chapter 4 / Section 49-4-101

## Text

As used in this part, unless the context otherwise requires: (1) "Commissioner" means the commissioner of commerce and insurance; (2) "Corporation" means a corporation or association not for profit authorized to administer a plan in the state; (3) "Fiscal year" means the period beginning January 1 and ending December 31 of each year; (4) "Member" means any person who is accepted as a member by the plan and who may later become eligible for a scholarship as provided in the charter and bylaws of the plan; (5) "Plan" means any educational cooperative plan or scholarship plan subject to this part; (6) "Recipient of scholarship" means any member who has been granted a scholarship by the plan; (7) "Scholarship" means educational benefits payable pursuant to a plan which shall not be deemed to be distribution of income to a member of a corporation; and (8) "Trustee of member" means the person or persons, including corporations, partnerships or other entities, that, on behalf of a minor, executes an application for membership in the plan. Acts 1968, ch. 589, § 1; impl. am. Acts 1971, ch. 137, § 2; T.C.A., § 49-4501.
As used in this part, unless the context otherwise requires:
(1) "Commissioner" means the commissioner of commerce and insurance;
(2) "Corporation" means a corporation or association not for profit authorized to administer a plan in the state;
(3) "Fiscal year" means the period beginning January 1 and ending December 31 of each year;
(4) "Member" means any person who is accepted as a member by the plan and who may later become eligible for a scholarship as provided in the charter and bylaws of the plan;
(5) "Plan" means any educational cooperative plan or scholarship plan subject to this part;
(6) "Recipient of scholarship" means any member who has been granted a scholarship by the plan;
(7) "Scholarship" means educational benefits payable pursuant to a plan which shall not be deemed to be distribution of income to a member of a corporation; and
(8) "Trustee of member" means the person or persons, including corporations, partnerships or other entities, that, on behalf of a minor, executes an application for membership in the plan.
Acts 1968, ch. 589, § 1; impl. am. Acts 1971, ch. 137, § 2; T.C.A., § 49-4501.

## Nearby sections

- [Tenn. Code Ann. § 49-4-101 Part definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-101.md)
- [Tenn. Code Ann. § 49-4-102 Plans subject to law](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-102.md)
- [Tenn. Code Ann. § 49-4-103 Regulation of plans](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-103.md)
- [Tenn. Code Ann. § 49-4-104 Unauthorized solicitation or advertising](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-104.md)
- [Tenn. Code Ann. § 49-4-105 Corporations administering plans](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-105.md)
- [Tenn. Code Ann. § 49-4-106 Participation by financial institutions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-106.md)
- [Tenn. Code Ann. § 49-4-107 Certificate of authority](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-107.md)
- [Tenn. Code Ann. § 49-4-108 Deposit of funds](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-108.md)
- [Tenn. Code Ann. § 49-4-109 Financial statements and examinations](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-109.md)
- [Tenn. Code Ann. § 49-4-110 Revocation of authorization](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-110.md)
- [Tenn. Code Ann. § 49-4-111 Tax exemption](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-111.md)
- [Tenn. Code Ann. § 49-4-112 Violations - Penalties](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-112.md)
- [Tenn. Code Ann. § 49-4-201 Creation](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-201.md)
- [Tenn. Code Ann. § 49-4-202 Board of directors](https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-202.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T49_C4_S49-4-101. Check the current official text before relying on it. Not legal advice.