If property is transferred to executors or trustees in lieu of their commissions or allowances, the excess in value of the property so transferred above the amount of commissions or allowances that would be payable in the absence of such transfer, shall be taxable.
Tenn. Code Ann. § 67-8-308
Transfers to executors and trustees. [Not applicable to decedents who die in 2016 or after, see § 67-8-318.]
Acts 1929 (E.S.), ch. 29, § 1(6); Code 1932, § 1263; T.C.A
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.