Violation - Penalty

A violation of § 50-1-401 , requiring all funds in a private pension and retirement fund to be deposited in a separate trust account, is a Class E felony. Acts 1979, ch. 122, § 1; T.C.A., § 50-802; Acts 1989, ch. 591, § 46. A violation of § 50-1-401 , requiring all funds in a private pension and retirement fund to be deposited in a separate trust account, is a Class E felony. Acts 1979, ch. 122, § 1; T.C.A., § 50-802; Acts 1989, ch. 591, § 46.