If a trust has two (2) or more beneficiaries, the trustee shall act impartially in investing, managing, and distributing the trust property, giving due regard to the beneficiaries' respective interests.
Tenn. Code Ann. § 35-15-803
Impartiality
Known as the Tennessee Uniform Trust Code
The act spans §§ 35-15-1001 to 35-15-901 (113 sections).
Applied in 1 court decision — leading case In Re ESTATE OF Omer STIDHAM (2012)
Most recently applied in In Re ESTATE OF Omer STIDHAM (August 2012)
Acts 2004, ch. 537, § 62.
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.