Tennessee Code Annotated

Tenn. Code Ann. § 35-15-803 (2026)

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✓ current as of May 2026

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If a trust has two (2) or more beneficiaries, the trustee shall act impartially in investing, managing, and distributing the trust property, giving due regard to the beneficiaries' respective interests.

Acts 2004, ch. 537, § 62.

Notes of Decisions

Cited in 2 cases (1 in the last 5 years), 2012–2022 · leading case: In Re Est. of Omer Stidham, 438 S.W.3d 535 (Tenn. Ct. App. 2012).

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In Re Est. of Omer Stidham, 438 S.W.3d 535 (Tenn. Ct. App. 2012). · cites it 2× “” See Tenn.Code Ann. § 35-15-803(a)(l). The beneficiaries may then seek to open the decedent’s estate when there is a question as to whether a future claim may be filed by the Bureau.”

In Re Trust of Katherine D. Graham (Tenn. Ct. App. 2022). · cites it 2× “See Tenn. Code Ann. § 35-15-803 (“If a trust has two (2) or more beneficiaries, the trustee shall act impartially in investing, managing, and distributing the trust property, giving due regard to the beneficiaries’ respective interests.”

— Tenn. Code Ann. § 35-15-803(a)(l) — 1 case

In Re Est. of Omer Stidham, 438 S.W.3d 535 (Tenn. Ct. App. 2012). “” See Tenn.Code Ann. § 35-15-803(a)(l). The beneficiaries may then seek to open the decedent’s estate when there is a question as to whether a future claim may be filed by the Bureau.”

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