Upon acceptance of a trusteeship, the trustee shall administer the trust until such time as the trust terminates or a successor trustee is appointed and all assets are delivered in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with this chapter.
Tenn. Code Ann. § 35-15-801
Duty to administer trust
Known as the Tennessee Uniform Trust Code
The act spans §§ 35-15-1001 to 35-15-901 (113 sections).
Acts 2004, ch. 537, § 60.
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.