Tenn. Code § 35-15-404 : FIDUCIARIES AND TRUST ESTATES — TENNESSEE UNIFORM TRUST CODE — CREATION, VALIDITY, MODIFICATION, AND TERMINATION OF TRUST —15-404 - Trust purposes

A trust may be created only to the extent its purposes are lawful and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries as the interests of such beneficiaries are defined under the terms of the trust.

T.C.A. § 35-15-404

Amended by 2013 Tenn. Acts, ch. 390,s 50, eff. 7/1/2013.
Acts 2004, ch. 537, § 26.
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