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Tennessee Statutes, Title 35

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Tennessee/Statutes

← All Tennessee coverage

Title 35, Fiduciaries And Trust Estates

18 chapters · 371 sections in this title.

All chapters in Title 35371 Ch 15, Tennessee Uniform Trust Code121 Ch 6, Uniform Principal and Income Act37 Ch 7, Tennessee Uniform Transfers to Minor…26 Ch 3, Investment of Trust Funds24 Ch 50, Miscellaneous Provisions19 Ch 5, Judicial or Trust Sales18 Ch 8, Revised Uniform Fiduciary Access to …18 Ch 14, Uniform Prudent Investor Act14 Ch 12, Uniform Transfer on Death Security R…13 Ch 2, Uniform Fiduciaries Act12 Ch 11, Fundraising for Catastrophic Illnesses12 Ch 13, Charitable Beneficiaries12 Ch 16, Tennessee Investment Services Act of…12 Ch 10, Uniform Prudent Management of Instit…10

10 sections·Filtered byTitle 35✕Ch 10✕

Tenn. Code Ann. § 35-10-101 Short title
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This chapter shall be known and may be cited as the “Uniform Prudent Management of Institutional Funds Act.”
Tenn. Code Ann. § 35-10-102 Chapter definitions
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(1) As used in this chapter, unless the context otherwise requires:(1) “Charitable purpose” means the relief of poverty, the advancement of education or religion, the promotion of health, the promotion of a governmental purpose, or any other purpose the achievement of which is be…
Tenn. Code Ann. § 35-10-103 Standard of conduct in managing and investing institutional fund
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(a) Subject to the intent of a donor expressed in a gift instrument, an institution, in managing and investing an institutional fund, shall consider the charitable purposes of the institution and the purposes of the institutional fund. (b) In addition to complying with the duty o…
Tenn. Code Ann. § 35-10-104 Appropriation for expenditure or accumulation of endowment fund — Rules of construction
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(a) Subject to the intent of a donor expressed in the gift instrument and to subsection (d), an institution may appropriate for expenditure or accumulate so much of an endowment fund as the institution determines is prudent for the uses, benefits, purposes, and duration for which…

Tenn. Code Ann. § 35-10-105 Delegation of management and investment functions

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(a) Subject to any specific limitation set forth in a gift instrument or in law other than this chapter, an institution may delegate to an external agent the management and investment of an institutional fund to the extent that an institution could prudently delegate under the ci…

Tenn. Code Ann. § 35-10-106 Release or modification of restrictions on management, investment, or purpose

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(a) If the donor consents in a record, an institution may release or modify, in whole or in part, a restriction contained in a gift instrument on the management, investment, or purpose of an institutional fund. A release or modification may not allow a fund to be used for a purpo…

Tenn. Code Ann. § 35-10-107 Reviewing compliance

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Compliance with this chapter is determined in light of the facts and circumstances existing at the time a decision is made or action is taken, and not by hindsight.

Tenn. Code Ann. § 35-10-108 Application to existing institutional funds

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This chapter applies to institutional funds existing on or established after July 1, 2007. As applied to institutional funds existing on July 1, 2007, this chapter governs only decisions made or actions taken on or after July 1, 2007.

Tenn. Code Ann. § 35-10-109 Relation to Electronic Signatures in Global and National Commerce Act

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This chapter modifies, limits, and supersedes the Electronic Signatures in Global and National Commerce Act (15 U.S.C. § 7001 et seq.), but does not modify, limit, or supersede § 101 of that act (15 U.S.C. § 7001(a)), or authorize electronic delivery of any of the notices describ…

Tenn. Code Ann. § 35-10-110 Uniformity of application and construction

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In applying and construing the uniform act set out in this chapter, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it.