Chapter Definitions

  1. Law
  2. Tennessee Code
  3. Fiduciaries and Trust Estates
  4. Tennessee Community Property Trust Act of 2010
  5. Chapter Definitions

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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:
    1. Termination of a marriage by a decree of dissolution, divorce, annulment or declaration of invalidity; or
    2. Entry of a decree of legal separation maintenance;
  5. “During marriage” means a period that begins at marriage and ends at dissolution or the death of a spouse;
  6. “Qualified trustee” means either:
    1. A natural person who is a resident of this state; or
    2. 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.


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