2017 Tennessee Code
Title 35 - Fiduciaries and Trust Estates
Chapter 14 - Uniform Prudent Investor Act
§ 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.
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