Tennessee § 45-2-1017 Choice of law governing trust and fiduciary investments

Tennessee Statutes

§ 45-2-1017 — Choice of law governing trust and fiduciary investments

Tennessee § 45-2-1017

Title45

This text of Tennessee § 45-2-1017 (Choice of law governing trust and fiduciary investments) 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. § 45-2-1017 (2026).

Text

Any trust institution that maintains a trust office in this state and its affected clients may designate as the state whose laws shall govern any written agreement between the trust institution and its client or any instrument under which the trust institution acts for a client and with respect to the fiduciary investment standards applicable to the agreements, either:

(1)This state;

(2)A state where affected clients reside; or (3) The state where the trust institution has its principal office.

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Any trust institution that maintains a trust office in this state and its affected clients may designate as the state whose laws shall govern any written agreement between the trust institution and its client or any instrument under which the trust institution acts for a client and with respect to the fiduciary investment standards applicable to the agreements, either: (1) This state; (2) A state where affected clients reside; or (3) The state where the trust institution has its principal office.