35-15-707 - Delivery of property by former trustee. - Tennessee Statutes

35-15-707. Delivery of property by former trustee.

(a)  Unless a cotrustee remains in office or the court otherwise orders, and until the trust property is delivered to a successor trustee or other person entitled to it, a trustee who has resigned or been removed has the duties of a trustee and the powers necessary to protect the trust property.

(b)  A trustee who has resigned or been removed shall, within a reasonable time, deliver the trust property within the trustee's possession to the cotrustee, successor trustee, or other person entitled to it.

[Acts 2004, ch. 537, § 57; 2007, ch. 24, § 27.]