A spendthrift provision as described in § 35-16-102(7)(C) shall be deemed to be a restriction on the transfer of the transferor's beneficial interest in the trust that is enforceable under applicable nonbankruptcy law within the meaning of § 541(c)(2) of the Bankruptcy Code ( 11 U.S.C. § 541(c) (2)), or any successor provision.
Tenn. Code Ann. § 35-16-107
Spendthrift provisions
Known as the Tennessee Investment Services Act
The act spans §§ 35–35 (12 sections).
Acts 2007, ch. 144, § 7.
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.