Section 0780-05-10-.09 - DEPOSIT OF FUNDS(1) Contract sellers shall deposit all funds received on account of a pre-need contract as soon as possible after receipt, and in no event later than thirty (30) days after receipt.(2) All deposits of funds with a trustee shall be in cash only pursuant to a trust instrument; provided, however, that, at any time, a contract seller may change the trustee of its trust funds. In the event of such change of trustee, the requirements of Rule 0780-05-10-.08 shall be complied with.Tenn. Comp. R. & Regs. 0780-05-10-.09
Original rule filed October 22, 2002; effective January 5, 2003.Authority: T.C.A. § 62-5-405(a) and (b).