For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Prohibition against interest.

Memphis Code of Ordinances § 4-34-16
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Sec. 4-34-16. - Prohibition against interest. The city shall not have any right, claim or interest in the trust fund or in any contributions made to the trust fund, and this 2016 plan may not be amended to use the trust fund for any purpose other than the exclusive benefit of the participants and, where applicable, their spouses or children; provided the comptroller shall return any portion of a contribution which was made under a mistake of fact, provided such return is made within one year after such contribution is made. (Ord. No. 5573, § III, 12-16-2014)
Source: City of Memphis, Code of Ordinances and Charter and Related Laws (Municode Library, library.municode.com)URL: https://library.municode.com/tn/memphis/codes/code_of_ordinances?nodeId=TIT4PERESY_CH4-342016CABAPLDECOPL_ART3CABAPLCO_S4-34-16PRAGINFetched: 10/28/2026

Starting a business in Tennessee? Tennessee LLC guide: costs and requirements

4-34-16 | Corpus