Tenn. Code § 35-14-103

Current through Acts 2023-2024, ch. 1069
Section 35-14-103 - Prudent investor rule
(a) Except as otherwise provided in subsection (b), a trustee who invests and manages trust assets owes a duty to the beneficiaries of the trust to comply with the prudent investor rule set forth in this chapter.
(b) The prudent investor rule, a default rule, may be expanded, restricted, eliminated, or otherwise altered by the provisions of a trust. A trustee is not liable to a beneficiary to the extent that the trustee acted in reliance on the provisions of the trust.

T.C.A. § 35-14-103

Acts 2002, ch. 696, § 3.