SB2242 — Trusts - As enacted, expands the persons to whom a private trust company may do business with and limits the ability of the commissioner of financial institutions to modify or revoke certain exemptions granted to a private trust company. - Amends TCA Title 45, Chapter 1 and Title 45, Chapter 2, Part 20.

SB2242 — Trusts - As enacted, expands the persons to whom a private trust company may do business with and limits the ability of the commissioner of financial institutions to modify or revoke certain exemptions granted to a private trust company. - Amends TCA Title 45, Chapter 1 and Title 45, Chapter 2, Part 20. · Informed CitizenrySB2242 amends Tennessee law regarding private trust companies. It expands the categories of persons with whom a private trust company may do business, specifically including family affiliates, thei…Open in Informed Citizenry