Tennessee Code 34-1-118 – Persons receiving property – Receipt for property – Filing
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Terms Used In Tennessee Code 34-1-118
- Fiduciary: A trustee, executor, or administrator.
- Fiduciary: means a guardian, coguardian, conservator, co-conservator, or qualified trustee as defined in §. See Tennessee Code 34-1-101
- Minor: means any person who has not attained eighteen (18) years of age and who has not otherwise been emancipated. See Tennessee Code 34-1-101
- Person: means any individual, nonhuman entity or governmental agency. See Tennessee Code 34-1-101
- Person with a disability: means any person eighteen (18) years of age or older determined by the court to be in need of partial or full supervision, protection, and assistance by reason of mental illness, physical illness or injury, developmental disability, or other mental or physical incapacity. See Tennessee Code 34-1-101
- Property: includes both personal and real property. See Tennessee Code 1-3-105
Whenever a fiduciary distributes property of a minor or person with a disability, the person receiving the property of the minor or person with a disability from the fiduciary shall sign a receipt for the property, which receipt shall be filed with the fiduciary’s next accounting.