Chapter

Part 13 Special purpose entity

Tenn. Code Ann. § 35-15-101— Short title
Tenn. Code Ann. § 35-15-102— Scope
Tenn. Code Ann. § 35-15-103— Chapter definitions
Tenn. Code Ann. § 35-15-104— Knowledge
Tenn. Code Ann. § 35-15-105— Default and mandatory rules
Tenn. Code Ann. § 35-15-106— Law supplemental to chapter — Applicability of certain sections of Restatement of Trusts
Tenn. Code Ann. § 35-15-107— Governing law
Tenn. Code Ann. § 35-15-108— Place of administration — Sufficient nexus for a state jurisdiction provision — Transfer of place of administration
Tenn. Code Ann. § 35-15-109— Methods and waiver of notice
Tenn. Code Ann. § 35-15-110— Others treated as qualified beneficiaries
Tenn. Code Ann. § 35-15-111— Nonjudicial settlement agreements
Tenn. Code Ann. § 35-15-112— Rules of construction
Tenn. Code Ann. § 35-15-201— Role of court in administration of trust
Tenn. Code Ann. § 35-15-202— Jurisdiction over trustee and beneficiary
Tenn. Code Ann. § 35-15-203— Subject matter jurisdiction
Tenn. Code Ann. § 35-15-204— Venue
Tenn. Code Ann. § 35-15-205— Petition for final accounting upon resignation or removal of trustee or termination of trust
Tenn. Code Ann. § 35-15-301— Representation — Basic effect
Tenn. Code Ann. § 35-15-302— Representation by holder of power of appointment — “General power of appointment” defined
Tenn. Code Ann. § 35-15-303— Representation by fiduciaries and parents
Tenn. Code Ann. § 35-15-304— Representation by person having substantially identical interest
Tenn. Code Ann. § 35-15-305— Appointment of representative
Tenn. Code Ann. § 35-15-401— Methods of creating trust
Tenn. Code Ann. § 35-15-402— Requirements for creation
Tenn. Code Ann. § 35-15-403— Trusts created in other jurisdictions
Tenn. Code Ann. § 35-15-404— Trust purposes
Tenn. Code Ann. § 35-15-405— Charitable purposes — Enforcement
Tenn. Code Ann. § 35-15-406— Creation of trust induced by fraud, duress, or undue influence
Tenn. Code Ann. § 35-15-407— Evidence of oral trust
Tenn. Code Ann. § 35-15-408— Trust for care of animal
Tenn. Code Ann. § 35-15-409— Noncharitable trust without ascertainable beneficiary
Tenn. Code Ann. § 35-15-410— Modification or termination of trust — Proceedings for approval or disapproval
Tenn. Code Ann. § 35-15-411— Modification or termination of noncharitable irrevocable trust by consent
Tenn. Code Ann. § 35-15-412— Modification or termination because of unanticipated circumstances or inability to administer trust effectively
Tenn. Code Ann. § 35-15-413— Cy pres
Tenn. Code Ann. § 35-15-414— Modification or termination of uneconomic trust
Tenn. Code Ann. § 35-15-415— Reformation to correct mistakes
Tenn. Code Ann. § 35-15-416— Modification to achieve settlor's tax objectives
Tenn. Code Ann. § 35-15-417— Combination and division of trusts
Tenn. Code Ann. § 35-15-501— Application; rights of beneficiary's creditor or assignee
Tenn. Code Ann. § 35-15-502— Spendthrift provision
Tenn. Code Ann. § 35-15-503— Exceptions to spendthift provision
Tenn. Code Ann. § 35-15-504— Discretionary interests — Effect thereof
Tenn. Code Ann. § 35-15-505— Creditor's claims against settlor
Tenn. Code Ann. § 35-15-506— Distributions relative to support, mandatory and certain remainder interests
Tenn. Code Ann. § 35-15-507— Personal obligations of trustee
Tenn. Code Ann. § 35-15-508— Removal or replacement power over trustee or other fiduciary not reachable by holder's creditors — Interests of beneficiary who is also a trustee or other fiduciary not reachable
Tenn. Code Ann. § 35-15-509— Judicial foreclosure of beneficial interests, powers of appointment, and reserved powers prohibited — Certain reaches prohibited
Tenn. Code Ann. § 35-15-510— Immunity from claims of separate creditors of trust property conveyed to trustee by husband and wife as tenants by the entirety
Tenn. Code Ann. § 35-15-601— Capacity of settlor of revocable trust — Form of execution for post-death disposition
Tenn. Code Ann. § 35-15-602— Revocation or amendment of revocable trust
Tenn. Code Ann. § 35-15-603— Settlor's powers — Powers of withdrawal
Tenn. Code Ann. § 35-15-604— Limitation on action contesting validity of revocable trust — Distribution of trust property
Tenn. Code Ann. § 35-15-605— Written statement or list to dispose of items of tangible personal property
Tenn. Code Ann. § 35-15-701— Accepting or declining trusteeship
Tenn. Code Ann. § 35-15-702— Trustee's bond
Tenn. Code Ann. § 35-15-703— Cotrustees
Tenn. Code Ann. § 35-15-704— Vacancy in trusteeship — Appointment of successor
Tenn. Code Ann. § 35-15-705— Resignation of trustee
Tenn. Code Ann. § 35-15-706— Removal of trustee
Tenn. Code Ann. § 35-15-707— Delivery of property by former trustee — Petition for approval of accountings and release and discharge from liability
Tenn. Code Ann. § 35-15-708— Compensation of trustees, trust advisors and trust protectors
Tenn. Code Ann. § 35-15-709— Reimbursement of expenses
Tenn. Code Ann. § 35-15-710— Directed trusts
Tenn. Code Ann. § 35-15-711— Directed trusts; accepting or declining fiduciary appointment
Tenn. Code Ann. § 35-15-712— Directed trusts; fiduciary's bond
Tenn. Code Ann. § 35-15-713— Vacancy; directed trusts
Tenn. Code Ann. § 35-15-714— Directed trusts; resignation of fiduciary
Tenn. Code Ann. § 35-15-715— Directed trusts; removal of fiduciary
Tenn. Code Ann. § 35-15-801— Duty to administer trust
Tenn. Code Ann. § 35-15-802— Duty of loyalty
Tenn. Code Ann. § 35-15-803— Impartiality
Tenn. Code Ann. § 35-15-804— Prudent administration
Tenn. Code Ann. § 35-15-805— Costs of administration
Tenn. Code Ann. § 35-15-806— Trustee's skills
Tenn. Code Ann. § 35-15-807— Delegation by trustee
Tenn. Code Ann. § 35-15-808— Powers to direct — Transitional provisions
Tenn. Code Ann. § 35-15-809— Control and protection of trust property
Tenn. Code Ann. § 35-15-810— Recordkeeping and identification of trust property
Tenn. Code Ann. § 35-15-811— Enforcement and defense of claims
Tenn. Code Ann. § 35-15-812— Collecting trust property
Tenn. Code Ann. § 35-15-813— Duty to inform and report
Tenn. Code Ann. § 35-15-814— Exercise of powers over discretionary and other interests; tax savings
Tenn. Code Ann. § 35-15-815— General powers of trustee
Tenn. Code Ann. § 35-15-816— Specific powers of trustee
Tenn. Code Ann. § 35-15-817— Distribution upon termination — Petition for accounting
Tenn. Code Ann. § 35-15-901— Uniform Principal and Income Act and Tennessee Uniform Prudent Investor Act of 2002 incorporated by reference
Tenn. Code Ann. § 35-15-1001— Remedies for breach of trust
Tenn. Code Ann. § 35-15-1002— Damages for breach of trust
Tenn. Code Ann. § 35-15-1003— Damages in absence of breach
Tenn. Code Ann. § 35-15-1004— Attorney's fees and costs
Tenn. Code Ann. § 35-15-1005— Limitation of action for breach of trust against trustee, former trustee, trust advisor, or trust protector
Tenn. Code Ann. § 35-15-1006— Reliance on trust instrustment
Tenn. Code Ann. § 35-15-1007— Event affecting administration or distribution
Tenn. Code Ann. § 35-15-1008— Exculpation of trustee
Tenn. Code Ann. § 35-15-1009— Beneficiary's consent, release, or ratification
Tenn. Code Ann. § 35-15-1010— Limitation on personal liability of trustee
Tenn. Code Ann. § 35-15-1011— Interest as general partner
Tenn. Code Ann. § 35-15-1012— Protection of person dealing with trustee
Tenn. Code Ann. § 35-15-1013— Certification of trust
Tenn. Code Ann. § 35-15-1014— Enforcement of no-contest, in terrorem or forfeiture provisions
Tenn. Code Ann. § 35-15-1101— No consideration given to need to promote uniformity of application and construction of law
Tenn. Code Ann. § 35-15-1102— Electronic records and signatures
Tenn. Code Ann. § 35-15-1103— Application to existing relationships
Tenn. Code Ann. § 35-15-1104— Alter ego
Tenn. Code Ann. § 35-15-1105— Dominion and control over a trust
Tenn. Code Ann. § 35-15-1201— Powers of trust advisors and trust protectors
Tenn. Code Ann. § 35-15-1202— Trust advisors and trust protectors as fiduciaries
Tenn. Code Ann. § 35-15-1203— Trust advisor and trust protector subject to court jurisdiction
Tenn. Code Ann. § 35-15-1204— No duty to review actions of trustee, trust advisor, or trust protector
Tenn. Code Ann. § 35-15-1205— Fiduciary's liability for action or inaction of trustee, trust advisor, and trust protector
Tenn. Code Ann. § 35-15-1206— Limitation of action against a trust advisor or trust protector
Tenn. Code Ann. § 35-15-1301— Special purpose entity