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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

12 sections·Filtered byTitle 35✕Ch 2✕

Tenn. Code Ann. § 35-2-101 Short title
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This chapter shall be known and may be cited as the “Uniform Fiduciaries Act.”
Tenn. Code Ann. § 35-2-102 Chapter definitions
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(a) In this chapter, unless the context otherwise requires:(1) “Bank” includes any person or association of persons, whether incorporated or not, carrying on the business of banking;(2) “Fiduciary” includes a trustee under any trust, expressed, implied, resulting or constructive,…
Tenn. Code Ann. § 35-2-103 Application of payments made to fiduciaries — Validity of right or title acquired
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A person who in good faith pays or transfers to a fiduciary any money or other property, which the fiduciary as such is authorized to receive, is not responsible for the proper application thereof by the fiduciary, and any right or title acquired from the fiduciary in considerati…
Tenn. Code Ann. § 35-2-104 Transfer of negotiable instrument by fiduciary
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If any negotiable instrument payable or endorsed to a fiduciary as such is endorsed by the fiduciary, or if any negotiable instrument payable or endorsed to the principal is endorsed by a fiduciary empowered to endorse such instrument on behalf of the principal, the endorsee is n…

Tenn. Code Ann. § 35-2-105 Check drawn by fiduciary payable to third person

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If a check or other bill of exchange is drawn by a fiduciary as such, or in the name of the principal by a fiduciary empowered to draw such instrument in the name of the principal, the payee is not bound to inquire whether the fiduciary is committing a breach of the fiduciary's o…

Tenn. Code Ann. § 35-2-106 Check drawn by and payable to fiduciary — Uniform Veterans' Guardianship Act unaffected

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(a) If a check or other bill of exchange is drawn by a fiduciary as such or in the name of the principal by a fiduciary empowered to draw such instrument in the name of the principal, payable to the fiduciary personally, or payable to a third person and by the third person transf…

Tenn. Code Ann. § 35-2-107 Deposit in name of fiduciary as such — Drawing check

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If a deposit is made in a bank or savings institution to the credit of a fiduciary as such, the bank or savings institution is authorized to pay the amount of the deposit or any part thereof upon the check of the fiduciary, signed with the name in which such deposit is entered, w…

Tenn. Code Ann. § 35-2-108 Deposit in name of principal — Drawing checks

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If a check is drawn upon the account of the principal in a bank or savings institution by a fiduciary who is empowered to draw checks upon the principal's account, the bank or savings institution is authorized to pay such check without being liable to the principal, unless the ba…

Tenn. Code Ann. § 35-2-109 Deposit in fiduciary's personal account — Drawing checks

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If a fiduciary makes a deposit in a bank or savings institution to the fiduciary's personal credit of checks drawn by the fiduciary upon an account in the fiduciary's own name as fiduciary, or of checks payable to the fiduciary as fiduciary, or of checks drawn by the fiduciary up…

Tenn. Code Ann. § 35-2-110 Deposit in names of two (2) or more trustees — Drawing checks

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When a deposit is made in a bank or savings institution in the name of two (2) or more persons as fiduciaries and a check is drawn upon the fiduciary account by any fiduciary or fiduciaries authorized by the other fiduciary or fiduciaries to draw checks upon the fiduciary account…

Tenn. Code Ann. § 35-2-111 Applicability of chapter — Cases not provided for

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(a) This chapter is applicable to state and federal savings and loan associations and savings banks. In the event of a conflict between this chapter and a law on the same subject relating specifically to state or federal savings and loan associations or savings banks, the specifi…

Tenn. Code Ann. § 35-2-112 Uniformity of interpretation

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This chapter shall be so interpreted and construed as to effectuate its general purpose to make uniform the law of those states which enact it.