2021 Tennessee Code
Title 35 - Fiduciaries and Trust Estates
Chapter 14 - Uniform Prudent Investor Act
§ 35-14-102. Chapter Definitions

Universal Citation: TN Code § 35-14-102 (2021)

As used in this chapter, unless the context otherwise requires:


  1. “Governing instrument” means:

    1. A will, deed, trust instrument or agency agreement;

    2. For purposes of subdivision (1)(A), an agency agreement includes but is not limited to, any agreement under which any delegation is made, either pursuant to § 35-15-807 or by anyone holding a power or duty pursuant to chapter 15, part 12;

  2. “Trust” means any fiduciary relationship created by a governing instrument; and

  3. “Trustee” means any fiduciary as defined in § 35-15-103.
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