Tennessee Statutes
§ 35-15-1015 — Limitation on personal liability of beneficiaries
Tennessee·Title 35
A beneficiary of a trust is not personally liable for the liabilities of third persons incurred in or arising from the administration of the trust or which are otherwise imposed upon the holder of the title to the property, including liabilities arising from contracts made by the trustee or torts committed by the trustee in the course of the administration of the trust.
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Tennessee § 35-15-1015 (Limitation on personal liability of beneficiaries) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by 2023 Tenn. Acts, ch. 166, s 10, eff. 4/17/2023.
Nearby Sections
15
§ 35-1-102
Appointment of public trustee§ 35-10-101
Short title§ 35-10-102
Chapter definitions§ 35-10-107
Reviewing compliance§ 35-10-108
Application to existing institutional funds§ 35-10-110
Uniformity of application and construction§ 35-11-101
Funds placed in trust - Trustee