Absent a breach of trust, a trustee is not liable to a beneficiary for a loss or depreciation in the value of trust property or for not having made a profit.
Tenn. Code Ann. § 35-15-1003
Damages in absence of breach
Known as the Tennessee Uniform Trust Code
The act spans §§ 35-15-1001 to 35-15-901 (113 sections).
Applied in 1 court decision — leading case John D. Glass v. Suntrust Bank (2016)
Most recently applied in John D. Glass v. Suntrust Bank (May 2016)
Acts 2004, ch. 537, § 79.
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.