Public-domain · open source
OpenJurist

Tenn. Code Ann. § 35-15-1104

Alter ego

Known as the Tennessee Uniform Trust Code

The act spans §§ 35-15-1001–35-15-901 (113 sections).

Acts 2013, ch. 390, § 52.

(1) Absent clear and convincing evidence, no settlor of an irrevocable trust may be deemed to be the alter ego of a trustee of such trust.

(2) None of the following factors, by themselves or in combination, may be considered sufficient evidence for a court to conclude that the settlor controls a trustee, or is the alter ego of a trustee of such trust: Any combination of the factors listed in § 35-15-1105 regarding dominion and control over a trust;

(3) Isolated occurrences where the settlor has signed checks, made disbursements, or executed other documents related to such trust as a trustee, a trust advisor or a trust protector, when in fact the settlor was not such a trustee, trust advisor or trust protector;

(4) Making any requests for distributions on behalf of beneficiaries; or

(5) Making any requests to the trustee to hold, purchase, or sell any trust property.

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.