Tennessee § 35-6-501 Disbursements from income

Tennessee Statutes

§ 35-6-501 — Disbursements from income

Tennessee § 35-6-501

Title35

This text of Tennessee § 35-6-501 (Disbursements from income) 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. § 35-6-501 (2026).

Text

A trustee shall make the following disbursements from income to the extent that they are not disbursements to which § 35-6-201(2)(B) or (C) applies:

(1)One-half (½) of the regular compensation of the trustee and of any person providing investment advisory or custodial services to the trustee;

(2)One-half (½) of all expenses for accountings, judicial proceedings, or other matters that involve both the income and remainder interests;

(3)All of the other ordinary expenses incurred in connection with the administration, management, or preservation of trust property and the distribution of income, including interest, ordinary repairs, regularly recurring taxes assessed against principal, and expenses of a proceeding or other matter that concerns primarily the income interest; and (4) Recurri

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A trustee shall make the following disbursements from income to the extent that they are not disbursements to which § 35-6-201(2)(B) or (C) applies: (1) One-half (½) of the regular compensation of the trustee and of any person providing investment advisory or custodial services to the trustee; (2) One-half (½) of all expenses for accountings, judicial proceedings, or other matters that involve both the income and remainder interests; (3) All of the other ordinary expenses incurred in connection with the administration, management, or preservation of trust property and the distribution of income, including interest, ordinary repairs, regularly recurring taxes assessed against principal, and expenses of a proceeding or other matter that concerns primarily the income interest; and (4) Recurring premiums on insurance covering the loss of a principal asset or the loss of income from or use of the asset.