In investing and managing trust assets, a trustee may only incur costs that are appropriate and reasonable in relation to the assets, the purposes of the trust, and the skills of the trustee.
Tenn. Code Ann. § 35-14-109
Investment costs
Known as the Tennessee Uniform Prudent Investor Act
The act spans §§ 35–35 (14 sections).
Acts 2002, ch. 696, § 9.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.