35-15-810 - Recordkeeping and identification of trust property. - Tennessee Statutes

35-15-810. Recordkeeping and identification of trust property.

(a)  A trustee shall keep adequate records of the administration of the trust.

(b)  A trustee shall keep trust property separate from the trustee's own property.

(c)  Except as otherwise provided in subsection (d), a trustee shall cause the trust property to be designated so that the interest of the trust, to the extent feasible, appears in records maintained by a party other than a trustee or beneficiary.

(d)  If the trustee maintains records clearly indicating the respective interests, a trustee may invest as a whole the property of two or more separate trusts.

[Acts 2004, ch. 537, § 68.]