Tennessee § 35-3-124 - Investment in tuition units.
Full text of Tennessee Tennessee Code Annotated § 35-3-124 — Investment in tuition units., with citation guidance and answers to common questions.
§ 35-3-124. Investment in tuition units.
Notwithstanding any other law to the contrary, trustees and others acting in a fiduciary capacity, including governmental agencies such as court clerks, may invest funds held in trust for a minor through the purchase of tuition units on behalf of the minor under the Tennessee College Savings Trust Act, compiled in title 49, chapter 7, part 8. Acts 1997, ch. 64, § 1; 2017, ch. 400, § 2. Amendments. The 2017 amendment substituted “Tennessee College Savings Trust Act” for “Tennessee Baccalaureate Education System Trust Act” . Effective Dates. Acts 2017, ch. 400, § 20. July 1, 2017.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 35-3-124
What does Tennessee Code Annotated § 35-3-124 cover?
Section 35-3-124 ("Investment in tuition units.") 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 § 35-3-124?
A common citation format is "Tennessee Code Annotated § 35-3-124" (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 § 35-3-124 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.