Tennessee Code 35-13-103 – Gift instrument to control disposition of gift
Current as of: 2023 | Check for updates
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Terms Used In Tennessee Code 35-13-103
- charitable: as used in this chapter , unless expressly indicated not to be charitable by the context in which they are used. See Tennessee Code 35-13-102
- Charitable gift: means any gift clearly intended for charitable purposes. See Tennessee Code 35-13-102
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
A gift instrument that specifies the charitable beneficiaries, objects, purposes or subjects of the charitable gift controls the disposition or administration of the charitable gift, except as provided in §§ 35-13-114 and 35-13-107.