Tenn. Code Ann. § 66-1-203
This is the official text of Tenn. Code Ann. § 66-1-203, part of Tennessee’s Code Ann — part of the compiled statutory law of Tennessee, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Creation of nonvested property interest or power of appointment
Official statutory text
(a) Except as provided in subsections (b) and (c) of this section and in § 66-1-206(a) , the time of creation of a nonvested property interest or a power of appointment is determined by other applicable statutes or, if none, under general principles of property law. (b) For purposes of this part, if there is a person who alone can exercise a power created by a governing instrument to become the unqualified beneficial owner of: (1) A nonvested property interest; or (2) A property interest subject to a power of appointment described in §§ 66-1-202(b) or (c) ; the nonvested property interest or power of appointment is created when the power to become the unqualified beneficial owner terminates. (c) For purposes of this part, a nonvested property interest or a power of appointment arising from a transfer of property to a previously funded trust or other existing property arrangement is created when the nonvested property interest or power of appointment in the original contribution was created. Acts 1994, ch. 654, § 3.
(a) Except as provided in subsections (b) and (c) of this section and in § 66-1-206(a) , the time of creation of a nonvested property interest or a power of appointment is determined by other applicable statutes or, if none, under general principles of property law.
(b) For purposes of this part, if there is a person who alone can exercise a power created by a governing instrument to become the unqualified beneficial owner of: (1) A nonvested property interest; or (2) A property interest subject to a power of appointment described in §§ 66-1-202(b) or (c) ; the nonvested property interest or power of appointment is created when the power to become the unqualified beneficial owner terminates.
(1) A nonvested property interest; or
(2) A property interest subject to a power of appointment described in §§ 66-1-202(b) or (c) ; the nonvested property interest or power of appointment is created when the power to become the unqualified beneficial owner terminates.
the nonvested property interest or power of appointment is created when the power to become the unqualified beneficial owner terminates.
(c) For purposes of this part, a nonvested property interest or a power of appointment arising from a transfer of property to a previously funded trust or other existing property arrangement is created when the nonvested property interest or power of appointment in the original contribution was created.
Acts 1994, ch. 654, § 3.
(a) Except as provided in subsections (b) and (c) of this section and in § 66-1-206(a) , the time of creation of a nonvested property interest or a power of appointment is determined by other applicable statutes or, if none, under general principles of property law.
(b) For purposes of this part, if there is a person who alone can exercise a power created by a governing instrument to become the unqualified beneficial owner of: (1) A nonvested property interest; or (2) A property interest subject to a power of appointment described in §§ 66-1-202(b) or (c) ; the nonvested property interest or power of appointment is created when the power to become the unqualified beneficial owner terminates.
(1) A nonvested property interest; or
(2) A property interest subject to a power of appointment described in §§ 66-1-202(b) or (c) ; the nonvested property interest or power of appointment is created when the power to become the unqualified beneficial owner terminates.
the nonvested property interest or power of appointment is created when the power to become the unqualified beneficial owner terminates.
(c) For purposes of this part, a nonvested property interest or a power of appointment arising from a transfer of property to a previously funded trust or other existing property arrangement is created when the nonvested property interest or power of appointment in the original contribution was created.
Acts 1994, ch. 654, § 3.
Status: in_force
Need a lawyer in Tennessee?
Find a Tennessee lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.