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2015 Tennessee Code
Title 66 - Property
Chapter 34 - Prompt Pay Act
Part 3 - Contractor/Subcontractor, Materialman or Furnisher Payment
§ 66-34-304 - Payments to be held in trust by contractor.

TN Code § 66-34-304 (2015) What's This?

Any sums received by the contractor as payment for work, services, equipment and materials supplied by the subcontractor, materialman or furnisher for improvements to real property shall be held by the contractor in trust for the benefit and use of such subcontractor, materialman or furnisher and shall be subject to all legal and equitable remedies.

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