Tennessee Code 35-15-507 – Personal obligations of trustee
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Terms Used In Tennessee Code 35-15-507
- Property: means anything that may be the subject of ownership, whether real or personal, legal or equitable, or any interest therein. See Tennessee Code 35-15-103
- Trustee: A person or institution holding and administering property in trust.
- Trustee: includes an original, additional, and successor trustee, and a cotrustee. See Tennessee Code 35-15-103
Trust property is not subject to personal obligations of the trustee, even if the trustee becomes insolvent or bankrupt.