2015 Tennessee Code
Title 35 - Fiduciaries And Trust Estates
Chapter 16 - Tennessee Investment Services Act of 2007
§ 35-16-110 - Successor trustees.
In the event that a qualified trustee of an investment services trust ceases to meet the requirements of ยง 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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