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Current as of January 02, 2024 | Updated by Findlaw Staff
As used in this chapter:
(1) “Community property” means property owned by a community property trust during the marriage of the settlor spouses;
(2) “Community property trust” means an express trust that complies with § 35-17-103;
(3) “Decree” means a judgment or other order of a court;
(4) “Dissolution” means either:
(A) Termination of a marriage by a decree of dissolution, divorce, annulment or declaration of invalidity; or
(B) Entry of a decree of legal separation maintenance;
(5) “During marriage” means a period that begins at marriage and ends at dissolution or immediately after the death of a spouse;
(6) “Qualified trustee” means either:
(A) A natural person who is a resident of this state; or
(B) A company authorized to act as a fiduciary in this state pursuant to § 45-2-1001; and
(7) “Settlor spouses” means a married couple that establishes a community property trust.
Cite this article: FindLaw.com - Tennessee Code Title 35. Fiduciaries and Trust Estates § 35-17-102 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-35-fiduciaries-and-trust-estates/tn-code-sect-35-17-102/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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