Tenn. Code Ann. § 35-15-705

Resignation of trustee

Known as the Tennessee Uniform Trust Code

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

Applied in 1 court decision — leading case Julia H. "Robin" Meyers v. First Tennessee Bank, N.A. (2016)

Most recently applied in Julia H. "Robin" Meyers v. First Tennessee Bank, N.A. (May 2016)

Acts 2004, ch. 537, § 55.

(1) A trustee may resign: Upon at least thirty (30) days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or

(2) With the approval of the court.

(3) In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.

(4) Any liability of a resigning trustee or of any sureties on the trustee's bond for acts or omissions of the trustee is not discharged or affected by the trustee's resignation.

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.