Tenn. Code § 35-15-714

Current through Acts 2023-2024, ch. 1069
Section 35-15-714 - Directed trusts - Resignation of fiduciary
(a) A trust advisor, trust protector or other fiduciary other than a cotrustee, such cotrustee's resignation already being provided for in § 35-15-705, may resign its appointment as such respective fiduciary in a like manner as provided for a trustee under § 35-15-705.
(b) When exercising its powers under this section relative to resignation, the court shall consider the powers, duties and liabilities relative to such respective fiduciaries other than a cotrustee and whether any of such respective fiduciaries are excluded fiduciaries.

T.C.A. § 35-15-714

Added by 2013 Tenn. Acts, ch. 390, s 29, eff. 7/1/2013.