1360-03-04-.04
Financial Records
Cite as Tenn. Comp. R. & Regs. 1360-03-04-.04
(1)
All trustees shall be responsible for maintaining true and accurate financial records of
the trust, including, but not limited to, records of all revenue and expenses of the
trust. All records should be kept for no less than three (3) years.
(2)
Such records shall be made available to the Secretary of State for inspection subject
to the provisions of Title 45, Chapter 10 and the Federal Right to Financial Privacy
Act, Pub. L. 95-630, as amended, 12 U.S.C. Section 3401 et seq.
(3)
In addition to the authority to inspect financial records, the Secretary of State may
compel additional production of documents, exhibits, or things, or subpoena duces
tecum presentation and delivery of all records or other tangible items, by any person
which the Secretary believes to be pertinent in conducting any investigation.