Trust purposes

A trust may be created only to the extent its purposes are lawful and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries as the interests of such beneficiaries are defined under the terms of the trust. Amended by 2013 Tenn. Acts, ch. 390,s 50, eff. 7/1/2013. Acts 2004, ch. 537, § 26. A trust may be created only to the extent its purposes are lawful and possible to achieve. A trust and its terms must be for the benefit of its beneficiaries as the interests of such beneficiaries are defined under the terms of the trust. Amended by 2013 Tenn. Acts, ch. 390,s 50, eff. 7/1/2013. Acts 2004, ch. 537, § 26.