49-5-908 - Insufficiency of fund to pay annuities.
49-5-908. Insufficiency of fund to pay annuities.
In case the fund is insufficient to pay the annuity provided for in this part, there shall be a ratable distribution among such beneficiaries who may be entitled to the annuity, and there shall be no claim for any deficiency.
[Acts 1917, ch. 76, § 7; Shan., § 1469b7 (p. 6544); Shan. Supp., § 1469a7; Code 1932, § 2531; T.C.A. (orig. ed.), § 49-1608.]