A trust may be created only to the extent its purposes are lawful and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries as the interests of such beneficiaries are defined under the terms of the trust.
Tenn. Code Ann. § 35-15-404
Trust purposes
Known as the Tennessee Uniform Trust Code
The act spans §§ 35–35 (113 sections).
Acts 2004, ch. 537, § 26; 2013, ch. 390, § 50.
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.