Tennessee § 35-15-815 General powers of trustee

Tennessee Statutes

§ 35-15-815 — General powers of trustee

(a)A trustee, without authorization by the court, may exercise:

(1)Powers conferred by the terms of the trust; and (2) Except as limited by the terms of the trust:

(A)All powers over the trust property which an unmarried competent owner has over individually owned property;

(B)Any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and (C) Any other powers conferred by this chapter.

(b)The exercise of a power is subject to the fiduciary duties prescribed by this part.

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(a) A trustee, without authorization by the court, may exercise: (1) Powers conferred by the terms of the trust; and (2) Except as limited by the terms of the trust: (A) All powers over the trust property which an unmarried competent owner has over individually owned property; (B) Any other powers appropriate to achieve the proper investment, management, and distribution of the trust property; and (C) Any other powers conferred by this chapter. (b) The exercise of a power is subject to the fiduciary duties prescribed by this part.

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