All trustees, guardians and other fiduciaries 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 all funds in their hands in securities specified in §§ 35-3-103 - 35-3-111, and may also invest funds in income-producing commercial or residential property.Amended by 2016 Tenn. Acts, ch. 640,s 3, eff. 3/23/2016.Acts 1931, ch. 100, § 1; C. Supp. 1950, § 9596.1; modified; T.C.A. (orig. ed.), § 35-302.
Tennessee Legal Code