Chapter 15 - Tennessee Uniform Trust Code
- Part 1 - General Provisions and Definitions
- 35-15-101 - Short title.
- 35-15-102 - Scope.
- 35-15-103 - Chapter definitions.
- 35-15-104 - Knowledge.
- 35-15-105 - Default and mandatory rules.
- 35-15-106 - Common law of trusts Principles of equity.
- 35-15-107 - Governing law.
- 35-15-108 - Principal place of administration.
- 35-15-109 - Methods and waiver of notice.
- 35-15-110 - Others treated as qualified beneficiaries.
- 35-15-111 - Nonjudicial settlement agreements.
- 35-15-112 - Rules of construction.
- Part 2 - Judicial Proceedings
- Part 3 - Representation
- Part 4 - Creation, Validity, Modification, and Termination of Trust
- 35-15-401 - Methods of creating trust.
- 35-15-402 - Requirements for creation.
- 35-15-403 - Trusts created in other jurisdictions.
- 35-15-404 - Trust purposes.
- 35-15-405 - Charitable purposes Enforcement.
- 35-15-406 - Creation of trust induced by fraud, duress, or undue influence.
- 35-15-407 - Evidence of oral trust.
- 35-15-408 - Trust for care of animal.
- 35-15-409 - Noncharitable trust without ascertainable beneficiary.
- 35-15-410 - Modification or termination of trust Proceedings for approval or disapproval.
- 35-15-411 - Modification or termination of noncharitable irrevocable trust by consent.
- 35-15-412 - Modification or termination because of unanticipated circumstances or inability to administer trust effectively.
- 35-15-413 - Cy pres.
- 35-15-414 - Modification or termination of uneconomic trust.
- 35-15-415 - Reformation to correct mistakes.
- 35-15-416 - Modification to achieve settlor's tax objectives.
- 35-15-417 - Combination and division of trusts.
- Part 5 - Creditor's Claims Spendthrift and Discretionary Trusts
- 35-15-501 - Rights of beneficiary's creditor or assignee.
- 35-15-502 - Spendthrift provision.
- 35-15-503 - Exceptions to spendthift provision.
- 35-15-504 - Discretionary trusts Effect of standard.
- 35-15-505 - Creditor's claims against settlor.
- 35-15-506 - Overdue distribution.
- 35-15-507 - Personal obligations of trustee.
- Part 6 - Revocable Trusts
- 35-15-601 - Capacity of settlor of revocable trust Form of execution for post-death disposition.
- 35-15-602 - Revocation or amendment of revocable trust.
- 35-15-603 - Settlor's powers Powers of withdrawal.
- 35-15-604 - Limitation on action contesting validity of revocable trust Distribution of trust property.
- Part 7 - Office of Trustee
- 35-15-701 - Accepting or declining trusteeship.
- 35-15-702 - Trustee's bond.
- 35-15-703 - Cotrustees.
- 35-15-704 - Vacancy in trusteeship Appointment of successor.
- 35-15-705 - Resignation of trustee.
- 35-15-706 - Removal of trustee.
- 35-15-707 - Delivery of property by former trustee.
- 35-15-708 - Compensation of trustee.
- 35-15-709 - Reimbursement of expenses.
- Part 8 - Duties and Powers of Trustee
- 35-15-801 - Duty to administer trust.
- 35-15-802 - Duty of loyalty.
- 35-15-803 - Impartiality.
- 35-15-804 - Prudent administration.
- 35-15-805 - Costs of administration.
- 35-15-806 - Trustee's skills.
- 35-15-807 - Delegation by trustee.
- 35-15-808 - Powers to direct.
- 35-15-809 - Control and protection of trust property.
- 35-15-810 - Recordkeeping and identification of trust property.
- 35-15-811 - Enforcement and defense of claims.
- 35-15-812 - Collecting trust property.
- 35-15-813 - Duty to inform and report.
- 35-15-814 - Discretionary powers Tax savings.
- 35-15-815 - General powers of trustee.
- 35-15-816 - Specific powers of trustee.
- 35-15-817 - Distribution upon termination.
- Part 9 -
- Part 10 - Liability of Trustees and Rights of Persons Dealing with Trustee
- 35-15-1001 - Remedies for breach of trust.
- 35-15-1002 - Damages for breach of trust.
- 35-15-1003 - Damages in absence of breach.
- 35-15-1004 - Attorney's fees and costs.
- 35-15-1005 - Limitation of action against trustee.
- 35-15-1006 - Reliance on trust instrustment.
- 35-15-1007 - Event affecting administration or distribution.
- 35-15-1008 - Exculpation of trustee.
- 35-15-1009 - Beneficiary's consent, release, or ratification.
- 35-15-1010 - Limitation on personal liability of trustee.
- 35-15-1011 - Interest as general partner.
- 35-15-1012 - Protection of person dealing with trustee.
- 35-15-1013 - Certification of trust.
- Part 11 - Miscellaneous Provisions