Tennessee § 35-15-714 Directed trusts - Resignation of fiduciary

Tennessee Statutes

§ 35-15-714 — Directed trusts - Resignation of fiduciary

Tennessee § 35-15-714

Title35

This text of Tennessee § 35-15-714 (Directed trusts - Resignation of fiduciary) 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. § 35-15-714 (2026).

Text

(a)A trust advisor, trust protector or other fiduciary other than a cotrustee, such cotrustee's resignation already being provided for in § 35-15-705 , may resign its appointment as such respective fiduciary in a like manner as provided for a trustee under § 35-15-705 .

(b)When exercising its powers under this section relative to resignation, the court shall consider the powers, duties and liabilities relative to such respective fiduciaries other than a cotrustee and whether any of such respective fiduciaries are excluded fiduciaries.

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(a) A trust advisor, trust protector or other fiduciary other than a cotrustee, such cotrustee's resignation already being provided for in § 35-15-705 , may resign its appointment as such respective fiduciary in a like manner as provided for a trustee under § 35-15-705 . (b) When exercising its powers under this section relative to resignation, the court shall consider the powers, duties and liabilities relative to such respective fiduciaries other than a cotrustee and whether any of such respective fiduciaries are excluded fiduciaries.