Tennessee Code Annotated
Tenn. Code Ann. § 4-51-101 (2024)
Creation of corporation
✓ Justia copy: laws through about 2024 (2025 and 2026 sessions missing)
- (a) There is hereby created a corporation, which shall be known as the "Tennessee education lottery corporation."
- (b) The corporation shall be registered with the secretary of state and shall be subject to the corporate laws of the state.
- (c) The corporation shall be a body, politic and corporate, and a quasi-public instrumentality, and not a state agency or department, which shall be deemed to be acting in all respects for the benefit of the people of the state through the operation of a state lottery and in the performance of other essential public functions entrusted to it.
- (d) The corporation shall have perpetual succession and shall adopt, amend, and repeal bylaws and regulations for the conduct of its affairs.
- (e) The corporation shall strive to maximize net lottery proceeds.
- (f) Venue for the corporation is Davidson County.
Acts 2003, ch. 297, § 2.
Notes of Decisions
Cited in 1
case, 2008–2008 · leading case: Scope of Exemption Under Fed. Lottery Statutes for Lotteries Conducted by a State Acting Under the Auth. of State Law (OLC 2008).
Scope of Exemption Under Fed. Lottery Statutes for Lotteries Conducted by a State Acting Under the Auth. of State Law (OLC 2008). “2008); Tenn. Code Ann. §§ 4-51-101 to 4-51-206 (2005 & Supp.”
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