A trustee who elects to exercise any power or not to exercise any power under this chapter shall maintain only such records that may be necessary or appropriate in the discretion of the trustee to support such determination at the time the determination is made and shall not be required to maintain records not necessary for the administration of the trust.
Tenn. Code Ann. § 35-6-107
Records
Known as the Uniform Principal and Income Act
The act spans §§ 35-6-101–35-6-602 (37 sections).
Acts 2000, ch. 829, § 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.