35-15-1001 - Remedies for breach of trust. - Tennessee Statutes

35-15-1001. Remedies for breach of trust.

(a)  A violation by a trustee of a duty the trustee owes to a beneficiary is a breach of trust.

(b)  To remedy a breach of trust that has occurred or may occur, the court may:

     (1)  Compel the trustee to perform the trustee's duties;

     (2)  Enjoin the trustee from committing a breach of trust;

     (3)  Compel the trustee to redress a breach of trust by paying money, restoring property, or other means;

     (4)  Order a trustee to account;

     (5)  Appoint a special fiduciary to take possession of the trust property and administer the trust;

     (6)  Suspend the trustee;

     (7)  Remove the trustee as provided in § 35-15-706;

     (8)  Reduce or deny compensation to the trustee;

     (9)  Subject to § 35-15-1012, void an act of the trustee, impose a lien or a constructive trust on trust property, or trace trust property wrongfully disposed of and recover the property or its proceeds; or

     (10)  Order any other appropriate relief whether provided elsewhere in this chapter, available at common law or under equity principles.

[Acts 2004, ch. 537, § 77.]