Tennessee Code Title 45. Banks and Financial Institutions § 45-2-105

(1) Chartered as a nonprofit general welfare corporation under the laws of Tennessee for the purpose of providing fiduciary services to mentally or physically disabled persons;

(2) Exempt from federal taxation under 26 U.S.C. § 501(c)(3); and

(3) Approved by the commissioner of mental health and substance abuse services or the commissioner of intellectual and developmental disabilities as providing a necessary service that is not otherwise generally available for those persons.