Patent ID: 7669860

Claim:
A tool retaining device comprising: a housing including an engaging hole formed in a first end thereof and having a non-circular cross section, and including a chamber formed therein and communicating with said engaging hole of said housing, a tool stem slidably received in said chamber of said housing and including a socket opening formed therein and having a non-circular cross section, and a tool member engaged into said socket opening of said tool stem and slidably engaged in said engaging hole of said housing, said tool member including a non-circular cross section for engaging with said non-circular engaging hole of said housing and said socket opening of said tool stem and for allowing said tool member to be selectively rotated by said tool stem when said tool member is in a first position and by said housing when said tool member is in a second position, and said tool member being movable relative to said housing and selectively movable into said chamber of said housing.