Tennessee Code Title 57. Intoxicating Liquors § 57-4-110

(a) Notwithstanding another law or rule to the contrary, a manufacturer licensed under § 57-3-202, a winery licensed under § 57-3-207, or a non-resident seller or a nonmanufacturer, non-resident seller licensed under § 57-3-605, including, but not limited to, a person with a direct or indirect interest in any of the foregoing, may have a direct or indirect interest in an establishment licensed pursuant to this part;  provided, that the person's interest under chapter 3 of this title or the person's interest under this part is held in an irrevocable trust by an independent trustee.

(b) A person whose interest in a brand or business is held in an irrevocable trust by an independent trustee shall not participate in the management or operation of the brand or business for which the interest was placed in the irrevocable trust.

(d) The limitation on personal liability of beneficiaries in § 35-15-1015 applies to beneficiaries of a trust formed under this section and the trustee is afforded all limitation of liability granted a trustee under § 35-15-1010.  The limitation on personal liability of beneficiaries applies to licensing agreements placed into a trust pursuant to this section, as though the licensing agreement was made by the trustee or the tort was committed by the trustee in the course of administration of the trust.