Tennessee § 35-16-110 Successor trustees

Tennessee Statutes

§ 35-16-110 — Successor trustees

Tennessee § 35-16-110

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This text of Tennessee § 35-16-110 (Successor trustees) 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. § 35-16-110 (2026).

Text

In the event that a qualified trustee of an investment services trust ceases to meet the requirements of § 35-16-102(12)(A) , and there remains no trustee that meets the requirements, the qualified trustee shall be deemed to have resigned as of the time of that cessation, and thereupon the successor qualified trustee provided for in the investment services trust shall become a qualified trustee of the investment services trust, or in the absence of any successor qualified trustee provided for in the investment services trust, then a court of this state shall, upon application of any interested party, appoint a successor qualified trustee.

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In the event that a qualified trustee of an investment services trust ceases to meet the requirements of § 35-16-102(12)(A) , and there remains no trustee that meets the requirements, the qualified trustee shall be deemed to have resigned as of the time of that cessation, and thereupon the successor qualified trustee provided for in the investment services trust shall become a qualified trustee of the investment services trust, or in the absence of any successor qualified trustee provided for in the investment services trust, then a court of this state shall, upon application of any interested party, appoint a successor qualified trustee.