Tennessee Statutes
§ 35-15-804 — Prudent administration
Tennessee·Title 35
A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distributional requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill and caution.
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Tennessee § 35-15-804 (Prudent administration) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Wood v. Lowery
238 S.W.3d 747 (Court of Appeals of Tennessee, 2007)
John D. Glass v. Suntrust Bank
523 S.W.3d 61 (Court of Appeals of Tennessee, 2016)
In Re Estate of Richard Wayne Penniman
(Court of Appeals of Tennessee, 2024)
Legislative History
Acts 2004, ch. 537, § 60.
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