Notwithstanding any other law to the contrary, trustees and others acting in a fiduciary capacity, including governmental agencies such as court clerks, may invest funds held in trust for a minor through the purchase of tuition units on behalf of the minor under the Tennessee College Savings Trust Act, compiled in title 49, chapter 7, part 8.
Structure 2021 Tennessee Code
Title 35 - Fiduciaries and Trust Estates
Chapter 3 - Investment of Trust Funds
§ 35-3-101. Authority of Court
§ 35-3-102. Authorized Investments
§ 35-3-104. Securities of Foreign Governments
§ 35-3-107. Real Estate Bonds and Notes
§ 35-3-111. Obligations of Certain Federal Agencies
§ 35-3-112. State and Federal Bond Issues — Reports
§ 35-3-114. Certificates of Deposit and Savings Accounts
§ 35-3-115. Public Housing Authority Obligations
§ 35-3-119. Tennessee Valley Authority Obligations
§ 35-3-121. Investments in Securities by Banks or Trust Companies