Tenn. Code Ann. » Tenn. Code / Title 35 / Chapter 15 / Part 10
Tennessee Code Annotated

Tenn. Code Ann. § 35-15-1003 (2024)

Damages in absence of breach

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Absent a breach of trust, a trustee is not liable to a beneficiary for a loss or depreciation in the value of trust property or for not having made a profit.

Acts 2004, ch. 537, § 79.

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. § 35-15-1003. It recognizes that “[a] trustee is not an insurer.”
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