A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distributional requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill and caution.
Tenn. Code Ann. § 35-15-804
Prudent administration
Known as the Tennessee Uniform Trust Code
The act spans §§ 35–35 (113 sections).
Applied in 1 court decision — leading case John D. Glass v. Suntrust Bank (2016)
Most recently applied in John D. Glass v. Suntrust Bank (May 2016)
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.