reglab/housing_qa huggingface dataset:
TN Code § 35-3-111 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 3 - Investment of Trust Funds|§ 35-3-111. Obligations of Certain Federal Agencies

 Trustees, guardians and other fiduciaries may also invest in or lend on the following obligations issued by the following authorized federal agencies:   Bonds and/or debentures issued by a federal home loan bank organized under the “Federal Home Loan Bank Act” (47 Stat. 725, 12 U.S.C. § 1421 et seq.);   Stock of federal savings and loan associations organized under the “Home Owner's Loan Act of 1933” (48 Stat. 128, 12 U.S.C. § 1461 et seq.), and amendments to that act, and/or building and loan associations, licensed to do business in Tennessee, where the stock of the associations is insured by the federal savings and loan insurance corporation;   Notes, bonds, debentures or other obligations issued under title IV of the act of congress of the United States entitled “National Housing Act,” approved June 27, 1934 (48 Stat. 1246, 12 U.S.C. § 1701 et seq.), and any amendments thereto; and   Mortgages guaranteed or insured under title III of the act of congress of the United States, entitled “Servicemen's Readjustment Act of 1944,” approved June 22, 1944 (58 Stat. 284, 38 U.S.C. § 1801 et seq. [repealed]), and any amendments thereto.
TN Code § 35-3-112 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 3 - Investment of Trust Funds|§ 35-3-112. State and Federal Bond Issues — Reports

 Guardians, executors, administrators and trustees shall also be authorized and empowered to invest money and funds in their hands in the bonds of the state, of the United States, or obligations issued separately or collectively by or for federal land banks, federal intermediate credit banks and banks for cooperatives under the act of congress known as the Farm Credit Act of 1971 (85 Stat. 583, 12 U.S.C. § 2001 et seq.) and amendments to that act, or in obligations issued under the Home Owner's Loan Act of congress (12 U.S.C. § 1461 et seq.), or notes or bonds secured by mortgage or trust deed insured by the federal housing administrator, or bonds and/or debentures issued by national mortgage associations; also to lend on the security of any such bonds to the extent of eighty-five percent (85%) of their face value; and, in either case, make report thereof to the court where the guardian, executor, administrator or trustee is qualified, unless another mode of investment is required by will or deed of the testator or another person who has established the funds.
TN Code § 35-3-113 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 3 - Investment of Trust Funds|§ 35-3-113. Life, Endowment or Annuity Contracts of Life Insurance Companies

  Executors, trustees and guardians are authorized, with the approval of a probate court or other court of competent jurisdiction, to invest out of income or principal of funds in their custody, in single or annual premium life, endowment or annuity contracts of legal reserve life insurance companies duly licensed and qualified to transact business within the state.   Such contracts may be issued on the life or lives of any beneficiary, cestui que trust or ward, who may have a vested or contingent interest in the estate, or on the life or lives of any parent, trustor or other person in whom any beneficiary, cestui que trust or ward may have an insurable interest, and shall such be so drawn that the legal title of the policy or contract shall be in and the proceeds or avails of the proceeds payable to and in the control of the fiduciary making the investment, and may be retained and shall be subject to transfer, assignment and conveyance by the fiduciary as other personal property held in the account.
TN Code § 35-3-114 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 3 - Investment of Trust Funds|§ 35-3-114. Certificates of Deposit and Savings Accounts

 All trustees and guardians in this state, unless prohibited, or another mode of investment is prescribed, by the will or deed of the testator or other person establishing the trust, may invest trust funds in their hands, in addition to the investments heretofore authorized, in certificates of deposit of, and savings accounts in, any national or state bank in the United States, including itself if such trustee or guardian is a national or state bank in the United States otherwise qualified, whose deposits are insured by the federal deposit insurance corporation, at the prevailing rate of interest of such certificates or savings accounts. No trustee or guardian shall invest in such certificates of deposit of, or savings accounts in any one (1) bank, an amount from any one (1) fund in the trustee's or guardian's care in excess of such amount as is fully insured as a deposit in the bank by the federal deposit insurance corporation, unless the investment is first approved by a court of competent jurisdiction.
TN Code § 35-3-115 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 3 - Investment of Trust Funds|§ 35-3-115. Public Housing Authority Obligations

 Notwithstanding any restrictions on investments contained in any laws of this state, the state and all public officers, municipal corporations, political subdivisions, and public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds or other obligations issued by a housing authority pursuant to the Housing Authorities Law, compiled in title 13, chapter 20, and any amendments to that law, or issued pursuant to the Memphis Housing Authority Law, chapter 615 of the Private Acts of 1935, as amended by chapter 900 of the Private Acts of 1937, and any amendments to that law, or issued by any public housing authority or agency in the United States, when the bonds or other obligations are secured by a pledge of annual contributions to be paid by the United States government or any agency of the United States government. The bonds and other obligations shall be authorized security for all public deposits, it being the purpose of this section to authorize any persons, firms, corporations, associations, political subdivisions, bodies and officers, public or private, to use any funds owned or controlled by them, including, but not limited to, sinking, insurance, investment, retirement, compensation, pension and trust funds, and funds held on deposit, for the purchase of any such bonds or other obligations; provided, that nothing contained in this section shall be construed as relieving any person, firm or corporation from any duty of exercising reasonable care in selecting securities.
TN Code § 35-3-116 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 3 - Investment of Trust Funds|§ 35-3-116. Courts Empowered to Authorize Retention of Original Investments

  Any guardian, personal representative, trustee or other fiduciary may make, in the county in which appointed, application to the chancery court, or to any other court therein having concurrent jurisdiction, for permission to retain and hold in unchanged form any security or investment originally forming a part of the estate, and the court shall have the authority and power to authorize the guardian, personal representative, trustee or other fiduciary, to retain and hold in unchanged form any security or investment originally forming a part of the estate, upon it being made to appear to the court that retention of the security or investment is to the manifest interest of the estate. The authority to retain securities or investments, when granted to the fiduciary by the instrument under which the fiduciary is acting, is not affected by the foregoing provisions.   The application in every such case shall be made by bill or petition, and the beneficiaries be made the defendants and served with process, and the cause shall be conducted and heard in the same manner as other suits in chancery.   A guardian ad litem shall be appointed for all defendants under disability, and the decree of the court authorizing the retention of the securities or investments shall set out fully the reasons and object moving the court in granting to the fiduciary the authority so to do.   It is not intended to impose upon a fiduciary any duty or obligation in addition to those arising under previously existing law, nor is it intended to change, modify or alter any investment statute of the state, except insofar as variations from those statutes may be made through proceedings authorized by this section.
TN Code § 35-3-118 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 3 - Investment of Trust Funds|§ 35-3-118. Stocks or Bonds Held by Fiduciary in Nominee's Name

  Trustees, guardians and other fiduciaries owning stocks or registered bonds may hold them in the name of a nominee without mention of the fiduciary relationship in the stock certificates, stock registration books, or registered bond or bond registry; provided, that:  The records and all reports and accounts rendered by the fiduciary clearly show the ownership of the stock or bond by the fiduciary, and the facts regarding its holding; and   The nominee deposits with the fiduciary a signed statement showing the fiduciary ownership, either endorses the stock certificate or registered bond in blank, or signs a transfer power in blank, and attach it to the certificate or bond, and does not have possession of or access to the stock certificate or bond, except under the immediate supervision of the fiduciary.     The fiduciary shall be personally liable for any loss resulting from any act of the nominee in connection with the securities so held.   This section shall apply to all such fiduciary relationships.
TN Code § 35-3-119 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 3 - Investment of Trust Funds|§ 35-3-119. Tennessee Valley Authority Obligations

 Notwithstanding any restrictions on investments contained in any laws of this state, the state and all public officers, municipal corporations, political subdivisions, and public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees and other fiduciaries may legally invest any sinking funds, moneys or other funds belonging to them or within their control in any bonds or other obligations issued by the Tennessee valley authority pursuant to the Tennessee Valley Authority Act of 1933 (16 U.S.C. § 831), and any amendment to that act, and the bonds and other obligations shall be authorized security for all public deposits, it being the purpose of this section to authorize any persons, firms, corporations, associations, political subdivisions, bodies and officers, public or private, to use any funds owned or controlled by them, including, but not limited to, sinking, insurance, investment, retirement, compensation, pension and trust funds, and funds held on deposit, for the purchase of any such bonds or other obligations. Nothing contained in this section shall be construed as relieving any person, firm or corporation from any duty of exercising reasonable care in selecting securities.
TN Code § 35-3-120 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 3 - Investment of Trust Funds|§ 35-3-120. Federally Guaranteed Loans and Investments

  Banks, trust companies, insurance companies, building and loan associations, credit unions, trustees and others acting in a fiduciary capacity, trust funds, pension and profit-sharing funds, real estate investment trusts, and other financial institutions, originating mortgagee institutions, and other institutions approved as mortgagees and otherwise meeting the requirements of the federal housing administration or veterans administration to act as mortgagees under the programs of these agencies may:  Make loans and advances of credit and purchases of obligations representing loans and advances of credit that are eligible for credit insurance by the federal housing commissioner, and may obtain that insurance;   Make loans secured by real property or leasehold, that the federal housing commissioner insures or makes a commitment to insure, and may obtain that insurance;   Invest their funds, eligible for investment, in notes or bonds secured by mortgage or trust deed insured by the federal housing commissioner, and in debentures issued by the federal housing commissioner, and also in securities issued by the Federal National Mortgage Association; and   Make any loans and advances of credit and purchases of obligations representing loans and advances of credit that are eligible to be guaranteed or insured in whole or in part by the veterans administration or administrator of veterans affairs, or secured by real property or leasehold as the administrator of veterans affairs makes a commitment to guarantee or insure.     No law of this state, requiring security upon which loans or investments may be made, or prescribing the nature, amount or form of the security, or prescribing or limiting interest rates upon loans or investments, or limiting investments of capital or deposits, or prescribing or limiting the period for which loans or investments may be made, shall apply to loans or investments made pursuant to this section.
TN Code § 35-3-121 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 3 - Investment of Trust Funds|§ 35-3-121. Investments in Securities by Banks or Trust Companies

 Unless the governing instrument, court order, or a statute specifically directs otherwise, a bank or trust company serving as trustee, guardian, agent, or in any other fiduciary capacity may invest in any security authorized by this chapter even if that fiduciary or an affiliate of that fiduciary, as defined in former § 35-3-117(d) [repealed], participates or has participated as a member of a syndicate underwriting the security, if:   The fiduciary does not purchase the security from itself or its affiliate; and   The fiduciary does not purchase the security from another syndicate member or an affiliate, pursuant to an implied or express agreement between the fiduciary or its affiliate and a selling member or its affiliate, to purchase all or part of each other's underwriting commitments.
TN Code § 35-3-122 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 3 - Investment of Trust Funds|§ 35-3-122. Liability of Fiduciaries for Losses

 Whenever an instrument under which a fiduciary is acting reserves to the settlor or vests an advisory or investment committee or in any other person or persons including one (1) or more other fiduciaries, to the exclusion of the fiduciary or to the exclusion of one (1) or more of several fiduciaries, authority to direct the making or retention of any investment, or to perform any other act in the management or administration of the fiduciary account, the excluded fiduciary or fiduciaries shall not be liable, either individually or as a fiduciary, for any loss resulting from the making or retention of any investment or other act pursuant to that direction.
TN Code § 35-3-123 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 3 - Investment of Trust Funds|§ 35-3-123. Trustee Liability — Action Upon Written Directions

  A trustee of a revocable, irrevocable or testamentary trust is not liable to any beneficiary for any act performed or omitted pursuant to written directions from the person holding the power to revoke, terminate or amend the trust.   A trustee of a revocable, irrevocable or testamentary trust is not liable for any investment action performed or omitted pursuant to written directions from the person to whom the power to direct the investment or management of the account is delegated by the trustor.
TN Code § 35-3-124 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 3 - Investment of Trust Funds|§ 35-3-124. Investment in Tuition Units

 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.
TN Code § 35-4-101 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 4 - Uniform Common Trust Fund Act|§ 35-4-101. Short Title

 This chapter shall be known and may be cited as the “Uniform Common Trust Fund Act.”
TN Code § 35-4-102 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 4 - Uniform Common Trust Fund Act|§ 35-4-102. Bank or Trust Company Establishing Common Trust Funds — Investing in Trust Funds

 Any bank or trust company qualified to act as fiduciary in this state may establish common trust funds for the purpose of furnishing investments to itself as fiduciary, or to itself and others as cofiduciaries, or to another bank or trust company which may, as such fiduciary or cofiduciary, invest funds that it lawfully holds for investment in interests in the common trust funds, if this investment is not prohibited by the instrument, judgment, decree or order creating the fiduciary relationship, and if, in the case of cofiduciaries, the bank or trust company procures the consent of its cofiduciaries to the investment.
TN Code § 35-4-103 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 4 - Uniform Common Trust Fund Act|§ 35-4-103. Accounting for Trust Funds — Chancery Court Approval

  Unless ordered by a court of competent jurisdiction, the bank or trust company operating the common trust funds is not required to render a court accounting with regard to the funds, but it may, by application to the chancery court, secure approval of such an accounting on such conditions as the court may establish.   When an accounting of a common trust fund is presented to a court for approval, the court shall assign a date and place for hearing and order notice thereof by:  Publication once a week for three (3) weeks, the first publication to be not less than twenty (20) days prior to the date of hearing, of a notice in a newspaper having a circulation in the county in which the bank or trust company or branch thereof operating the common trust fund is located;   Mailing not less than fourteen (14) days prior to the date of the hearing a copy of the notice to all beneficiaries of the trusts participating in the common trust fund whose names are known to the bank or trust company from the records kept by it in the regular course of business in the administration of the trusts, directed to them at the addresses shown by those records; and   Such further notice if any as the court may order.
TN Code § 35-4-104 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 4 - Uniform Common Trust Fund Act|§ 35-4-104. Uniformity of Construction and Interpretation

 This chapter shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states that enact it.
TN Code § 35-4-105 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 4 - Uniform Common Trust Fund Act|§ 35-4-105. Fiduciary Relationships to Which Chapter Applicable

 This chapter applies to fiduciary relationships in existence on April 8, 1953, or established after that date.
TN Code § 35-5-102 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 5 - Judicial or Trust Sales|§ 35-5-102. Notice in Newspaper Not Required

 If no newspaper is published in the county in which the land is to be sold, the advertisement in a newspaper is dispensed with, unless ordered by court.   Code 1858, § 2147 (deriv. Acts 1855-1856, ch. 83, § 2); Shan., § 3840; Code 1932, § 7795; T.C.A. (orig. ed.), § 35-502.   Law Reviews.   Power of Sale Foreclosure in Tennessee, 8 Mem. St. U.L. Rev. 871 (1978).
TN Code § 35-5-103 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 5 - Judicial or Trust Sales|§ 35-5-103. Posting Written Notices

 Whenever the advertisement cannot be made in a newspaper, the officer shall make publication of the sale for thirty (30) days by written notices posted in at least five (5) of the most public places in the county, one (1) of which shall be the courthouse door, and another in the neighborhood of the defendant; if of realty, in the civil district where the land lies.   Code 1858, § 2148 (deriv. Acts 1855-1856, ch. 83, § 3); Shan., § 3841; Code 1932, § 7796; Acts 1943, ch. 123, § 2; C. Supp. 1950, § 7796; T.C.A. (orig. ed.), § 35-503.
TN Code § 35-5-105 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 5 - Judicial or Trust Sales|§ 35-5-105. Notice in Writing if Printer Refuses

 If the printer will not make the publication for the rates provided in § 8-21-1301, the officer or person conducting the sale shall make publication by written notices as provided in §§ 35-5-103 and 35-5-104.   Code 1858, § 2151 (deriv. Acts 1855-1856, ch. 83, § 3); Shan., § 3844; Code 1932, § 7799; T.C.A. (orig. ed.), § 35-506.
TN Code § 35-5-106 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 5 - Judicial or Trust Sales|§ 35-5-106. Sale Without Advertisement Is Not Void

 Should the officer, or other person making the sale, proceed to sell without pursuing the provisions of this chapter, the sale shall not, on that account, be either void or voidable.   Code 1858, § 2152 (deriv. Acts 1855-1856, ch. 83, § 4); Shan., § 3845; Code 1932, § 7800; T.C.A. (orig. ed.), § 35-507.
TN Code § 35-5-107 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 5 - Judicial or Trust Sales|§ 35-5-107. Effect of Noncompliance With Chapter

 Any officer, or other person, referenced in § 35-5-106 who fails to comply with this chapter commits a Class C misdemeanor and is, moreover, liable to the party injured by the noncompliance, for all damages resulting from the failure.   Code 1858, § 2153 (deriv. Acts 1855-1856, ch. 83, § 5); Shan., § 3846; Code 1932, § 7801; T.C.A. (orig. ed.), § 35-508; Acts 1989, ch. 591, § 113.
TN Code § 35-5-108 (2021)
2021 Tennessee Code|Title 35 - Fiduciaries and Trust Estates|Chapter 5 - Judicial or Trust Sales|§ 35-5-108. Plan of Division of Land — Sale of Portion of Land

 At any time before ten o'clock a.m. (10:00 a.m.) on the day of sale, the defendant or other person whose property is to be sold may deliver to the officer or person making the sale, a plan of division of the lands to be sold, subscribed by the defendant or other person, bearing a date subsequent to the date of advertisement, in which case so much of the land as may be necessary to satisfy the debt and costs, and no more, shall be sold according to the plan furnished. If no such plan is furnished, the land may be sold without division.   Code 1858, § 2154 (deriv. Acts 1799, ch. 14, § 3); Shan., § 3847; Code 1932, § 7802; T.C.A. (orig. ed.), § 35-509.