the court may appoint the public trustee who shall be granted letters of trusteeship and immediately enter into the administration of the trust, provided that the then market value of the trust estate does not exceed one hundred thousand dollars ($100,000). The public trustee shall file accountings with the court each twelve (12) months after the public trustee's qualification.
Structure 2021 Tennessee Code
Title 30 - Administration of Estates
Chapter 1 - Executors and Administrators
Part 4 - Public Administrators, Guardians, and Trustees
§ 30-1-401. Appointment — Term — Oath — Bond
§ 30-1-402. Applicable Laws, Rules, Duties and Penalties
§ 30-1-403. Death or Removal — Filling Vacancy
§ 30-1-404. Duty to Enter Upon Administration, Guardianship, or Trusteeship of Estates
§ 30-1-405. Letters of Administration — When Granted
§ 30-1-406. Notice Given Persons Entitled to Serve — Effect of Nonappearance