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18 chapters · 371 sections in this title.
Tenn. Code Ann. § 35-14-101 Short title
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This chapter shall be known and may be cited as the “Tennessee Uniform Prudent Investor Act of 2002.”
Tenn. Code Ann. § 35-14-102 Chapter definitions
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(1) As used in this chapter, unless the context otherwise requires:(1) “Governing instrument” means:(A) A will, deed, trust instrument or agency agreement;(B) For purposes of subdivision (1)(A), an agency agreement includes but is not limited to, any agreement under which any del…
Tenn. Code Ann. § 35-14-103 Prudent investor rule
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(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, res…
Tenn. Code Ann. § 35-14-104 Standard of care — Portfolio strategy — Risk and return objectives
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(a) A trustee shall invest and manage trust assets as a prudent investor would, by considering the purposes, terms, distribution requirements, and other circumstances of the trust. In satisfying this standard, the trustee shall exercise reasonable care, skill, and caution. (b) A …
