Tennessee Code 35-16-109 – Transferor as investment advisor
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Tennessee Code 35-16-109
- Disposition: means a transfer, conveyance or assignment of property, including a change in the legal ownership of property occurring upon the substitution of one (1) trustee for another or the addition of one (1) or more new trustees. See Tennessee Code 35-16-102
- Investment advisor: means a person given authority by the terms of an investment services trust to direct, consent to or disapprove a transferor's actual or proposed investment decisions, distribution decisions or other decisions of the transferor. See Tennessee Code 35-16-102
- Person: means an individual. See Tennessee Code 35-16-102
- Transferor: means a person who, directly or indirectly, makes a disposition or causes a disposition to be made in such person's capacity:
(A) As an owner of property. See Tennessee Code 35-16-102
A person may serve as an investment advisor notwithstanding that the person is the transferor of the qualified disposition.