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2023 Tennessee Code
Title 35 - FIDUCIARIES AND TRUST ESTATES (§§ 35-1-101 — 35-50-125)
Chapter 15 - TENNESSEE UNIFORM TRUST CODE (§§ 35-15-101 — 35-15-1301)
Part 12 - TRUST PROTECTORS AND TRUST ADVISORS (§§ 35-15-1201 — 35-15-1206)
Section 35-15-1202 - Trust advisors and trust protectors as fiduciaries
Universal Citation:
TN Code § 35-15-1202 (2023)
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- (a) A trust advisor or trust protector, other than a beneficiary, is a fiduciary with respect to each power granted to such trust advisor or trust protector. In exercising any power or refraining from exercising any power, a trust advisor or trust protector shall act in good faith and in accordance with the terms and purposes of the trust and the interests of the beneficiaries.
- (b) A trust advisor or trust protector is an excluded fiduciary with respect to each power granted or reserved exclusively to any one or more other trustees, trust advisors, or trust protectors.
Added by 2013 Tenn. Acts, ch. 390,s 43, eff. 7/1/2013.
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