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18 chapters · 371 sections in this title.
Tenn. Code Ann. § 35-11-101 Funds placed in trust — Trustee
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(a) All funds raised to meet the medical or related expenses of a named individual suffering from a catastrophic illness shall be placed in trust with a bank or trust company organized and doing business under the laws of any state or territory of the United States, including the…
Tenn. Code Ann. § 35-11-102 Trust relationship prerequisite to accepting contributions — Beneficiaries
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(a) Before accepting any contributions for such fundraising activities, the organizer or promoter shall enter into a trust relationship with a bank or trust company or shall establish a trust in the name of an individual, “ [name of beneficiary] trust, trustee”, or words to the s…
Tenn. Code Ann. § 35-11-103 Transfer of remaining funds — Contingent beneficiaries
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(a) If the expenses of the illness of the beneficiary are less than the funds held in trust or the beneficiary dies before the funds held in trust are depleted, any remaining balance shall be transferred to the contingent beneficiary. (b) When the trust is established, the named …
Tenn. Code Ann. § 35-11-104 Payment and deposit of contributions
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(a) All contributions for funds raised in accordance with this chapter made by check shall be made payable to the bank or trust company or the trust established by this chapter. (b) All cash contributions shall be deposited as quickly as is reasonably feasible to the trust.
