Tenn. Code § 35-17-102

Current through Acts 2023-2024, ch. 1069

Section 35-17-102 - Chapter definitions

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:

(A) Termination of a marriage by a decree of dissolution, divorce, annulment or declaration of invalidity; or

(B) Entry of a decree of legal separation maintenance;

(5) "During marriage" means a period that begins at marriage and ends at dissolution or immediately after the death of a spouse;

(6) "Qualified trustee" means either:

(A) A natural person who is a resident of this state; or

(B) 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.

T.C.A. § 35-17-102

Amended by 2023 Tenn. Acts, ch. 166,s 12, eff. 4/17/2023.

Acts 2010 , ch. 658, § 1.