Tennessee § 35-15-705 Resignation of trustee

Tennessee Statutes

§ 35-15-705 — Resignation of trustee

Tennessee § 35-15-705

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This text of Tennessee § 35-15-705 (Resignation of trustee) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 35-15-705 (2026).

Text

(a)A trustee may resign:

(1)Upon at least thirty (30) days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or (2) With the approval of the court.

(b)In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property.

(c)Any liability of a resigning trustee or of any sureties on the trustee's bond for acts or omissions of the trustee is not discharged or affected by the trustee's resignation.

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(a) A trustee may resign: (1) Upon at least thirty (30) days' notice to the qualified beneficiaries, the settlor, if living, and all cotrustees; or (2) With the approval of the court. (b) In approving a resignation, the court may issue orders and impose conditions reasonably necessary for the protection of the trust property. (c) Any liability of a resigning trustee or of any sureties on the trustee's bond for acts or omissions of the trustee is not discharged or affected by the trustee's resignation.