Pending time the investments are being made by the guardian, the guardian shall not be chargeable with interest; provided, that the guardian shall not be allowed more than four (4) months in which to make the investment. If the guardian does not make specified investments in or on the securities named in § 34-5-114, the guardian shall be charged with the rate of interest, not exceeding six percent (6%) as the court in which the guardianship is pending may determine to be the fair value of the use of money at that time.
Structure 2021 Tennessee Code
Chapter 5 - Uniform Veterans' Guardianship Law
§ 34-5-102. Chapter Definitions
§ 34-5-103. Administrator as Party in Interest
§ 34-5-104. Appointment of Guardian When Necessary Prior to Payment of Benefits
§ 34-5-107. Evidence of Necessity for Guardian of Minor
§ 34-5-108. Evidence of Necessity for Guardian for Incompetent
§ 34-5-109. Notice of Petition for Appointment
§ 34-5-112. Failure to Account or Furnish Copies — Penalty
§ 34-5-113. Compensation of Guardians
§ 34-5-114. Investment of Funds
§ 34-5-115. Time Allowed to Make Investment
§ 34-5-116. Maintenance and Support
§ 34-5-117. Copies of Public Records to Be Furnished
§ 34-5-119. Discharge of Guardian and Release of Sureties
§ 34-5-120. Uniform Construction