Tèks konplè gid sa a an angle; rezime ki anwo a nan lang ou. Rezime lwa yo ak vèsyon angle a rete sous referans lan.
Role · 5 min lekti
The majority rule, and participation
Cotrustees who are unable to reach a unanimous decision may act by majority decision (Tenn. Code Ann. § 35-15-703(a)); where a vacancy occurs in a cotrusteeship, the remaining cotrustees may act for the trust ((b)). A cotrustee participates in the performance of a trustee's function unless unavailable because of absence, illness, disqualification or another temporary incapacity, or the cotrustee has properly delegated the function to another trustee ((c)); where a cotrustee is unavailable and prompt action is necessary to achieve the trust's purposes or avoid injury to its property, the remaining cotrustee or a majority of them may act ((d)). A trustee may not delegate to a cotrustee a function the settlor reasonably expected the trustees to perform jointly, but may otherwise delegate and revoke the delegation ((e)).
Dissent, and the duty to prevent a serious breach
A trustee who does not join in an action of another trustee is not liable for it ((f)), but each trustee exercises reasonable care to prevent a cotrustee from committing a serious breach of trust and to compel a cotrustee to redress one ((g)). A dissenting trustee who joins an action at the direction of the majority, and who notified any cotrustee of the dissent at or before the time of the action, is not liable for it unless it is a serious breach of trust ((h)). Each cotrustee keeps the other cotrustees, and the other fiduciaries, reasonably informed about the administration ((i)).
Lwa yo, mo pou mo
Cotrustees
Tenn. Code Ann. § 35-15-703 ↗Eksplikasyon klè e senp; tèks egzak lwa a poko ateste nan bibliyotèk nou an. Gade lwa ofisyèl la nan lyen ki anwo a.
Vacancy in trusteeship; appointment of successor
Tenn. Code Ann. § 35-15-704 ↗Eksplikasyon klè e senp; tèks egzak lwa a poko ateste nan bibliyotèk nou an. Gade lwa ofisyèl la nan lyen ki anwo a.
Delegation by trustee
Tenn. Code Ann. § 35-15-807 ↗Eksplikasyon klè e senp; tèks egzak lwa a poko ateste nan bibliyotèk nou an. Gade lwa ofisyèl la nan lyen ki anwo a.
Kesyon moun poze souvan
Do Tennessee cotrustees have to agree unanimously?
No. Cotrustees who cannot reach a unanimous decision may act by majority decision (Tenn. Code Ann. § 35-15-703(a)).
How does a Tennessee cotrustee avoid liability for a decision the cotrustee opposed?
By notifying a cotrustee of the dissent at or before the time of the action; the dissenting trustee is then not liable unless the action is a serious breach of trust (Tenn. Code Ann. § 35-15-703(h)) — and every trustee exercises reasonable care to prevent and redress a serious breach ((g)).
Can one Tennessee cotrustee act alone?
Where a vacancy occurs, on a proper delegation, or where a cotrustee is unavailable and prompt action is necessary (Tenn. Code Ann. § 35-15-703(b)–(e)); otherwise the cotrustees act together or by majority.
Lekti ki gen rapò
Sant Aprantisaj la se enfòmasyon jeneral sou lwa Tennessee — se pa konsèy legal, e li pa ranplase konsèy yon avoka Tennessee ki gen lisans sou reyalite pa ou. TrusteeClear se yon lojisyèl, pa yon kabinè avoka.