2010 Tennessee Code
Title 35 - Fiduciaries And Trust Estates
Chapter 14 - Uniform Prudent Investor Act
35-14-103 - Prudent investor rule.
35-14-103. Prudent investor rule.
(a) Except as otherwise provided in subsection (b), a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in this chapter.
(b) The prudent investor rule, a default rule, may be expanded, restricted, eliminated, or otherwise altered by the provisions of a trust. A trustee is not liable to a beneficiary to the extent that the trustee acted in reliance on the provisions of the trust.
[Acts 2002, ch. 696, § 3.]
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