Tennessee Code 35-15-804 – Prudent administration
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 35-15-804
- Person: means an individual. See Tennessee Code 35-15-103
- Trustee: includes an original, additional, and successor trustee, and a cotrustee. See Tennessee Code 35-15-103
- Trustee: A person or institution holding and administering property in trust.
A trustee shall administer the trust as a prudent person would, by considering the purposes, terms, distributional requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill and caution.