Tennessee Statutes
§ 34-5-115 — Time allowed to make investment
Tennessee·Title 34
Pending time the investments are being made by the guardian, the guardian shall not be chargeable with interest; provided, that the guardian shall not be allowed more than four (4) months in which to make the investment. If the guardian does not make specified investments in or on the securities named in § 34-5-114 , the guardian shall be charged with the rate of interest, not exceeding six percent (6%) as the court in which the guardianship is pending may determine to be the fair value of the use of money at that time.
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Legislative History
Acts 1943, ch. 90, § 14; C. Supp. 1950, §8558.15 Williams ( §8552.1); T.C.A. (orig. ed.), § 34-915.
Nearby Sections
15
§ 34-1-101
Chapter 1-3 definitions§ 34-1-105
Bond§ 34-1-106
Petition for appointment of fiduciary§ 34-1-107
Guardian ad litem§ 34-1-108
Hearings on petitions - Notice§ 34-1-110
Management of property - Inventory - Filing - Failure to file or appear - Revocation of authority§ 34-1-112
Compensation to fiduciary§ 34-1-113
Payments by fiduciary§ 34-1-114
Charging of costs of proceedings