Tennessee Code 31-7-108 – Disclaimer of interest by trustee
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Terms Used In Tennessee Code 31-7-108
- Property: includes both real and personal property or any interest therein and means anything that may be the subject of ownership. See Tennessee Code 31-1-101
- Trust: means :
(A) An express trust, charitable or noncharitable, with additions thereto, whenever and however created. See Tennessee Code 31-7-102 - Trustee: A person or institution holding and administering property in trust.
If a trustee disclaims an interest in property that otherwise would have become trust property, the interest does not become trust property.