A spendthrift provision as described in § 35-16-102(7)(C) shall be deemed to be a restriction on the transfer of the transferor's beneficial interest in the trust that is enforceable under applicable nonbankruptcy law within the meaning of § 541(c)(2) of the Bankruptcy Code (11 U.S.C. § 541(c)(2)), or any successor provision.
Structure 2021 Tennessee Code
Title 35 - Fiduciaries and Trust Estates
Chapter 16 - Tennessee Investment Services Act of 2007
§ 35-16-102. Chapter Definitions
§ 35-16-103. Qualified Affidavit Requirements
§ 35-16-105. Powers and Rights of Transferor
§ 35-16-107. Spendthrift Provisions
§ 35-16-109. Transferor as Investment Advisor
§ 35-16-110. Successor Trustees