2021 Tennessee Code
Title 35 - Fiduciaries and Trust Estates
Chapter 15 - Tennessee Uniform Trust Code

Part 1 - General Provisions and Definitions

§ 35-15-101. Short Title - This chapter shall be known and may be cited as...

§ 35-15-102. Scope - This chapter applies to express trusts, charitable or noncharitable, and...

§ 35-15-103. Chapter Definitions - As used in this chapter, unless the context otherwise requires:...

§ 35-15-112. Rules of Construction - The rules of construction that apply in this state to...

Part 2 - Judicial Proceedings

§ 35-15-203. Subject Matter Jurisdiction - Chancery courts and other courts of record having probate jurisdiction:

Part 3 - Representation

§ 35-15-303. Representation by Fiduciaries and Parents - To the extent there is no material conflict of interest...

§ 35-15-304. Representation by Person Having Substantially Identical Interest - Unless otherwise represented, a minor, incapacitated, or unborn individual, or...

Part 4 - Creation, Validity, Modification, and Termination of Trust

§ 35-15-401. Methods of Creating Trust - A trust may be created by:

§ 35-15-403. Trusts Created in Other Jurisdictions - A trust not created by will is validly created if...

§ 35-15-404. Trust Purposes - A trust may be created only to the extent its...

§ 35-15-406. Creation of Trust Induced by Fraud, Duress, or Undue Influence - A trust is void to the extent its creation was...

§ 35-15-407. Evidence of Oral Trust - Except as required by a statute other than this chapter,...

§ 35-15-409. Noncharitable Trust Without Ascertainable Beneficiary - Except as otherwise provided in § 35-15-408 or by another...

§ 35-15-415. Reformation to Correct Mistakes - The court may reform the terms of a trust, even...

§ 35-15-416. Modification to Achieve Settlor's Tax Objectives - To achieve the settlor's tax objectives, the court may modify...

§ 35-15-417. Combination and Division of Trusts - After notice to the qualified beneficiaries, a trustee may combine...

Part 5 - Creditor's Claims — Mandatory, Support and Discretionary Interests — Effect of Spendthrift Provision

§ 35-15-501. Application; Rights of Beneficiary's Creditor or Assignee - This part applies to a creditor's or assignee's claims and...

§ 35-15-503. Exceptions to Spendthift Provision - A spendthrift provision is unenforceable against a claim of this...

§ 35-15-507. Personal Obligations of Trustee - Trust property is not subject to personal obligations of the...

Part 6 - Revocable Trusts

§ 35-15-601. Capacity of Settlor of Revocable Trust — Form of Execution for Post-Death Disposition - The capacity required to create, amend, revoke, or add property...

Part 7 - Office of Trustee

§ 35-15-710. Directed Trusts - If the terms of the trust, an agreement of the...

Part 8 - Duties and Powers of Trustee

§ 35-15-801. Duty to Administer Trust - Upon acceptance of a trusteeship, the trustee shall administer the...

§ 35-15-803. Impartiality - If a trust has two (2) or more beneficiaries, the...

§ 35-15-804. Prudent Administration - A trustee shall administer the trust as a prudent person...

§ 35-15-805. Costs of Administration - In administering a trust, the trustee may incur only costs...

§ 35-15-806. Trustee's Skills - A trustee who has special skills or expertise, or is...

§ 35-15-809. Control and Protection of Trust Property - A trustee shall take reasonable steps to take control of...

§ 35-15-812. Collecting Trust Property - A trustee shall take reasonable steps to compel a former...

Part 9 - “Uniform Principal and Income Act” and “Tennessee Uniform Prudent Investor Act of 2002” Incorporated

§ 35-15-901. Uniform Principal and Income Act and Tennessee Uniform Prudent Investor Act of 2002 Incorporated by Reference - Title 35, chapter 6 and chapter 14 are incorporated in...

Part 10 - Liability of Trustees and Rights of Persons Dealing With Trustee

§ 35-15-1003. Damages in Absence of Breach - Absent a breach of trust, a trustee is not liable...

§ 35-15-1006. Reliance on Trust Instrustment - A trustee who acts in reasonable reliance on the terms...

§ 35-15-1007. Event Affecting Administration or Distribution - If the happening of an event, including marriage, divorce, performance...

§ 35-15-1009. Beneficiary's Consent, Release, or Ratification - A trustee is not liable to a beneficiary for breach...

Part 11 - Miscellaneous Provisions

§ 35-15-1102. Electronic Records and Signatures - The provisions of this chapter governing the legal effect, validity,...

§ 35-15-1105. Dominion and Control Over a Trust - In the event a person challenges a settlor's or a...

Part 12 - Trust Protectors and Trust Advisors

§ 35-15-1203. Trust Advisor and Trust Protector Subject to Court Jurisdiction - By accepting appointment to serve as a trust advisor or...

§ 35-15-1205. Fiduciary's Liability for Action or Inaction of Trustee, Trust Advisor, and Trust Protector - An excluded fiduciary is not liable, either individually or as...

Part 13 - Special Purpose Entity -