Private Trust - Requested Exemption
The Department carefully considers each requested exemption on a case-by-case basis and recommends that each applicant request exemptions only from statutes and rules that are relevant to the applicant or its activities.
Subject to the exceptions set forth below, Tenn. Code Ann. Title 45, Chapters 1 and 2 and the rules thereof apply to Tennessee private trust companies. The Department recommends that each applicant review the chart below in determining its requests for exemption.
The chart is divided into three categories:
- Statutes and rules that are generally inapplicable or have been repealed (generally, no requests for exemption are necessary);
- Statutes and rules with respect to which the Department generally does not grant exemptions; and
- Statutes and rules with respect to which the Department commonly grants exemptions.
CATEGORY 1: Statutes and rules that are generally inapplicable or repealed (generally, no requests for exemption are necessary):
Inapplicable pursuant to Tenn. Code Ann.§ 45-2-2101 |
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§ 45-2-106 § 45-2-107 § 45-2-201 through 45-2-207 § 45-2-212 through 45-2-214 § 45-2-215(a) § 45-2-216 § 45-2-302 through 45-2-304 |
§ 45-2-401 § 45-2-402 (a) through (c) § 45-2-403 Title 45, Chapter 2, Parts 5, 7 and 8 §§ 45-2-1401 through 45-2-1407 § 45-2-1412 Title 45, Chapter 2, Part 19 Rule 0180-07-.10 |
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Generally inapplicable to Tennessee private trust companies |
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§45-1-126 §45-2-618 §45-2-620 Title 45, Chapter 2, Part 9 §45-2-1408 through §45-2-1411 §45-2-1807 §45-2-1808 Chapter 0180-05 |
Rules 0180-07-.02 through 0180-07-.04 Rule 0180-07-.06 Rule 0180-07-.09 Chapters 0180-09 through 0180-12 Chapters 0180-16 through 0180-18 Chapter 0180-21 Chapters 0180-24 through 29 Chapters 0180-31 through 33 |
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Repealed statutes and rules |
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§45-1-110 §45-2-101 §45-2-102 §45-2-209 §45-2-210 §45-2-301 |
§45-2-615 §45-2-617 §45-2-1312 Chapter 0180-01
Chapter 0180-03 Chapter 0180-04 |
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CATEGORY 2: The Department generally does not grant exemptions from the following statutes and rules:
§§ 45-1-101 through 45-1-109 §§ 45-1-111 through 45-1-123 §45-1-129 § 45-1-130 § 45-2-104 § 45-2-105 § 45-2-217 § 45-2-219 § 45-2-220 § 45-2-1002 § 45-2-1009 §45-2-1010 § 45-2-1012 (a) §45-2-1015 §45-2-1016 |
§ 45-2-1601 § 45-2-1603 Title 45, Chapter 2, Part 17 § 45-2-1801 § 45-2-1803 § 45-2-1804 § 45-2-1806 Title 45, Chapter 2, Part 20 § 45-2-2101 § 45-2-2109 Rule 0180-07-.01 Rule 0180-07-.07 Rule 0180-07-.08 Chapter 0180-20 Chapter 0180-30 |
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CATEGORY 3: When requested, the Department commonly grants exemptions (with limitations or other conditions in certain cases) from the following statutes and rules:
Title 45, Chapter 1, Part 2 §45-2-208 §45-2-218 §45-2-404 §45-2-604 §45-2-607 §45-2-611 §45-2-1004 §45-2-1008 §45-2-1012(b) §45-2-1013 |
§45-2-1019 §45-2-1602 §45-2-1604 §45-2-1805 Rule 0180-02-01 Rule 0180-07-.05 Chapter 0180-13 Chapter 0180-15 Chapter 0180-19 Chapter 0180-22 |
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The chart contains general suggestions. Notwithstanding any statements contained within the chart, the Department considers each request for exemption on a case-by-case basis. Each provision of Tenn. Code Ann., Title 45, Chapters 1 and 2 and the rules thereof not listed in the chart may apply to applicants and/or their activities. Applicants may request exemption from any provision of Tenn. Code Ann., Title 45, Chapters 1 and 2 and the rules thereof, regardless of whether listed in the chart.