Tennessee Code 35-6-106 – Remedy
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 35-6-106
- Income: means money or property that a fiduciary receives as current return from a principal asset. See Tennessee Code 35-6-102
- Principal: means property held in trust for distribution to a remainder beneficiary when the trust terminates. See Tennessee Code 35-6-102
With respect to a trustee‘s exercise or nonexercise of the power to make an adjustment under § 35-5-104, the sole remedy is to direct, deny, or revise an adjustment between principal and income.