Tennessee § 35-11-101 - Funds placed in trust — Trustee.
Full text of Tennessee Tennessee Code Annotated § 35-11-101 — Funds placed in trust — Trustee., with citation guidance and answers to common questions.
§ 35-11-101. Funds placed in trust — Trustee.
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 District of Columbia, and authorized to do business in this state. The trustee of this trust shall be either an individual, or a bank or trust company. The funds placed with a bank or trust company shall be considered to be held in trust, and the bank or trust company considered a trustee, as those terms are used in this chapter, if the bank or trust company maintains the funds in its name as custodian for the benefit of the injured individual, and limits disbursements to those for which the funds are raised or that are permitted by §§ 35-11-103 and 35-11-105. As used in this chapter, “catastrophic illness” includes organ transplants. Acts 1989, ch. 386, § 1; 2007, ch. 430, § 2. Cross-References. Certain fundraising deemed unlawful, § 35-11-111 . Charitable trusts, title 35, ch. 9.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 35-11-101
What does Tennessee Code Annotated § 35-11-101 cover?
Section 35-11-101 ("Funds placed in trust — Trustee.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 35-11-101?
A common citation format is "Tennessee Code Annotated § 35-11-101" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 35-11-101 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.