Tennessee Code Annotated

Tenn. Code Ann. § 35-15-404 (2026)

Trust purposes

✓ current as of May 2026
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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.

Amended by 2013 Tenn. Acts, ch. 390,s 50, eff. 7/1/2013.

Acts 2004, ch. 537, § 26.


Notes of Decisions
Cited in 2 cases, 2003–2019 · leading case: State of Tennessee Ex Rel. Herbert H. Slatery, III, Attorney Gen. & Reporter v. HRC Med. Centers, Inc. (Tenn. Ct. App. 2019).
State of Tennessee Ex Rel. Herbert H. Slatery, III, Attorney Gen. & Reporter v. HRC Med. Centers, Inc. (Tenn. Ct. App. 2019). · cites it 2× “e trust estate or the investment or reinvestment of property constituting the trust estate;” and gives Defendant Dan Hale the right to revoke the trust agreement in its entirety during his lifetime, as well as the right to withdraw all or such part of the assets then…”
Jennifer Biscan v. Franklin Brown (Tenn. Ct. App. 2003). · cites it 2× “It is true that the legislature created, in the second section of the Dram Shop Act, an exception to the general immunity from liability for furnishing alcohol, but that exception is applicable only to sellers of alcoholic beverages and only 7 Tenn. Code Ann. § 35-15-404 (2) and…”
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