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Tenn. Code Ann. § 35-15-110

Others treated as qualified beneficiaries

Known as the Tennessee Uniform Trust Code

The act spans §§ 35–35 (113 sections).

Applied in 1 court decision — leading case Georgia O'Keeffe Foundation (Museum) v. Fisk University (2009)

Most recently applied in Georgia O'Keeffe Foundation (Museum) v. Fisk University (July 2009)

Acts 2004, ch. 537, § 11; 2007, ch. 24, § 6; 2019, ch. 340, § 8.

(1) A charitable organization expressly designated to receive distributions under the terms of a charitable trust has the rights of a qualified beneficiary under this chapter, if the charitable organization, on the date the charitable organization's qualification is being determined, would be a qualified beneficiary under this chapter if such charitable organization were an individual beneficiary.

(2) The attorney general and reporter has the rights of a qualified beneficiary with respect to a charitable trust having its principal place of administration in this state if all of the interests in the trust that are for a charitable purpose, in the aggregate, on the date the attorney general and reporter's qualification is being determined, would cause an individual beneficiary to be a qualified beneficiary under this chapter if all of such interests were for the benefit of an individual beneficiary instead of for charitable purposes.

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.