Tennessee Code 35-15-503 – Exceptions to spendthift provision
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Terms Used In Tennessee Code 35-15-503
- Spendthrift provision: means a term of a trust which restrains both voluntary and involuntary transfer of a beneficiary's interest. See Tennessee Code 35-15-103
- 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
- Statute: A law passed by a legislature.
- This state: means the state of Tennessee. See Tennessee Code 35-15-103
A spendthrift provision is unenforceable against a claim of this state to the extent a statute of this state so provides.