A state trust company may not invest its funds in trade or commerce by buying, selling, or otherwise dealing in goods or by owning or operating a business not related to its fiduciary business, except as necessary to fulfill a fiduciary obligation to a client.
Structure 2021 Tennessee Code
Title 45 - Banks and Financial Institutions
Chapter 2 - Banking Institutions
§ 45-2-1001. Company Authorized to Act as Fiduciary
§ 45-2-1005. Fiduciary Bond or Oath Excused
§ 45-2-1011. Fiduciary Activities of Out-of-State Trust Institution
§ 45-2-1015. Name of Trust Institution
§ 45-2-1016. Designation of Trustee
§ 45-2-1017. Choice of Law Governing Trust and Fiduciary Investments