45-2-1018 - Engaging in commerce prohibited. - Tennessee Statutes

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.

[Acts 1999, ch. 112, § 10.]