Tenn. Code Ann. » Tenn. Code / Title 35 / Chapter 14
Tennessee Code Annotated

Tenn. Code Ann. § 35-14-112 (2024)

Language invoking standard of act

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The following terms or comparable language in the provisions of a trust, unless otherwise limited or modified, authorizes any investment or strategy permitted under this chapter: "investments permissible by law for investment of trust funds," "legal investments," "authorized investments," "using the judgment and care under the circumstances then prevailing that persons of prudence, discretion, and intelligence exercise in the management of their own affairs, not in regard to speculation but in regard to the permanent disposition of their funds, considering the probable income as well as the probable safety of their capital," "prudent man rule," "prudent trustee rule," "prudent person rule," and "prudent investor rule."

Acts 2002, ch. 696, § 12.

Notes of Decisions
Cited in 1 case, 2016–2016 · leading case: John D. Glass v. Suntrust Bank, 523 S.W.3d 61 (Tenn. Ct. App. 2016).
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John D. Glass v. Suntrust Bank, 523 S.W.3d 61 (Tenn. Ct. App. 2016). · cites it 2× “Tenn. Code Ann. § 35-14-112 . The Prudent Investor Act addresses diversification, in pertinent part, as follows: (a) A trustee shall diversify the investments of the trust: (1) Unless the trustee reasonably determines that, because of special circumstances, the purposes of the…”
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