Section 1360-03-04-.04 - FINANCIAL RECORDS(1) All trustees shall be responsible for maintaining true and accurate financial records of the trust, including, but not limited to, records of all revenue and expenses of the trust. All records should be kept for no less than three (3) years.(2) Such records shall be made available to the Secretary of State for inspection subject to the provisions of Title 45, Chapter 10 and the Federal Right to Financial Privacy Act, Pub. L. 95-630, as amended, 12 U.S.C. Section 3401 et seq.(3) In addition to the authority to inspect financial records, the Secretary of State may compel additional production of documents, exhibits, or things, or subpoena duces tecum presentation and delivery of all records or other tangible items, by any person which the Secretary believes to be pertinent in conducting any investigation.Tenn. Comp. R. & Regs. 1360-03-04-.04
Public necessity rule filed August 1, 2007; effective through January 13, 2008. Public necessity rule filed August 1, 2007, expired effective January 14, 2008. Original rule filed November 6, 2007; effective March 28, 2008.Authority: T.C.A. § 35-11-101 et seq.; Chapter 430 §§ 8, 9 of the Public Acts of 2007; T.C.A § 48-101-514(b)(1).