Upon the dissolution of the marriage of the settlor spouses, the community property trust shall terminate and the trustee shall distribute one half (½) of the trust assets to each spouse, with each spouse receiving one half (½) of each asset, unless otherwise agreed to in writing by both spouses.
Tenn. Code Ann. § 35-17-108
Dissolution of marriage
Known as the Tennessee Community Property Trust Act
The act spans §§ 35-17-101 to 35-17-108 (8 sections).
Acts 2010, ch. 658, § 1.
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.