Tenn. Code § 45-2-1018

Current through Acts 2023-2024, ch. 1069
Section 45-2-1018 - Engaging in commerce prohibited

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.

T.C.A. § 45-2-1018

Acts 1999, ch. 112, § 10.