Tenn. Code Ann. § 35-15-815

General powers of trustee

Known as the Tennessee Uniform Trust Code

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

Applied in 2 court decisions — leading case Wade Harvey, Ex Rel. Alexis Breanna Gladden v. Cumberland Trust And Investment Company (2017)

Most recently applied in Wade Harvey, Ex Rel. Alexis Breanna Gladden v. Cumberland Trust And Investment Company (October 2017)

Acts 2004, ch. 537, § 73.

(1) A trustee, without authorization by the court, may exercise: Powers conferred by the terms of the trust; and

(2) Except as limited by the terms of the trust: All powers over the trust property which an unmarried competent owner has over individually owned property;

(3) Any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and

(4) Any other powers conferred by this chapter.

(5) The exercise of a power is subject to the fiduciary duties prescribed by this part.

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.