Tennessee Code 35-15-1203 – Trust advisor and trust protector subject to court jurisdiction
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 35-15-1203
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Tennessee Code 35-15-103
- Trust advisor: means any person described in §. See Tennessee Code 35-15-103
- Trust protector: means any person described in §. See Tennessee Code 35-15-103
By accepting appointment to serve as a trust advisor or trust protector, the trust advisor or the trust protector submits personally to the jurisdiction of the courts of this state even if investment advisory agreements or other related agreements provide otherwise, and the trust advisor or trust protector may be made a party to any action or proceeding relating to a decision, action, or inaction of the trust advisor or trust protector.