{"data":{"id":"us-tn/tenn.-code-ann.-35-16-108","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 35-16-108","heading":"Qualified trustees and advisors","body":"(a) For purposes of this chapter, neither the transferor nor any other natural person who is a nonresident of this state nor an entity that is not authorized by the law of this state to act as a trustee or whose activities are not subject to supervision as provided in § 35-16-102(12)(A) shall be considered a qualified trustee; however, nothing in this chapter shall preclude a transferor from appointing one (1) or more advisors, including, but not limited to: (1) Advisors who have authority under the terms of the trust instrument to remove and appoint qualified trustees or trust advisors; (2) Advisors who have authority under the terms of the trust instrument to direct, consent to or disapprove distributions from the trust; and (3) Investment advisors, whether or not the advisors would meet the requirements imposed by § 35-16-102(12) . (b) For purposes of subsection (a), \"advisor\" includes a trust \"protector\" or any other person who, in addition to a qualified trustee, holds one (1) or more trust powers. Acts 2007, ch. 144, § 8.\n(a) For purposes of this chapter, neither the transferor nor any other natural person who is a nonresident of this state nor an entity that is not authorized by the law of this state to act as a trustee or whose activities are not subject to supervision as provided in § 35-16-102(12)(A) shall be considered a qualified trustee; however, nothing in this chapter shall preclude a transferor from appointing one (1) or more advisors, including, but not limited to: (1) Advisors who have authority under the terms of the trust instrument to remove and appoint qualified trustees or trust advisors; (2) Advisors who have authority under the terms of the trust instrument to direct, consent to or disapprove distributions from the trust; and (3) Investment advisors, whether or not the advisors would meet the requirements imposed by § 35-16-102(12) .\n(1) Advisors who have authority under the terms of the trust instrument to remove and appoint qualified trustees or trust advisors;\n(2) Advisors who have authority under the terms of the trust instrument to direct, consent to or disapprove distributions from the trust; and\n(3) Investment advisors, whether or not the advisors would meet the requirements imposed by § 35-16-102(12) .\n(b) For purposes of subsection (a), \"advisor\" includes a trust \"protector\" or any other person who, in addition to a qualified trustee, holds one (1) or more trust powers.","path":["TN Code","Title 35","Chapter 16"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"11dd8ef54dc653d9310274ca08bd657b11e3f3d167cd65d680532968cd470fc9","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-35-16-107","next":"us-tn/tenn.-code-ann.-35-16-109"},"notice":"GroundRules: Original legal text. Not legal advice."}