2010 Tennessee Code
Title 47 - Commercial Instruments And Transactions
Chapter 13 - Assignments for Benefit of Creditors
47-13-103 - Settlement by trustee or assignee.
47-13-103. Settlement by trustee or assignee.
Any trustee or assignee to whom property has been conveyed in trust for the benefit of creditors, under the provisions of this chapter, shall be required to make settlement with the person performing the duties of the county clerk of the county in which the deed of trust or assignment was made, as soon after qualification as the nature of the deed or assignment will admit, showing what funds the trustee or assignee has received, how the trustee or assignee has disposed of the trust property, what expenses the trustee or assignee has paid out, and what amount of the funds remain in the trustee's or assignee's hands for payment to beneficiaries under the deed or assignment.
[Acts 1899, ch. 371, § 1; Shan., § 3524a1; Code 1932, § 7775; T.C.A. (orig. ed.), § 47-1503; modified.]
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