Tennessee Code 35-15-812 – Collecting trust property
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 35-15-812
- Person: means an individual. See Tennessee Code 35-15-103
- Property: means anything that may be the subject of ownership, whether real or personal, legal or equitable, or any interest therein. 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 take reasonable steps to compel a former trustee or other person to deliver trust property to the trustee, and to redress a breach of trust known to the trustee to have been committed by a former trustee. No successor trustee appointed after the examination of the accounts of a trustee or the waiver of the examination by the beneficiaries shall be responsible for the acts and omissions of the prior trustee.