2010 Tennessee Code
Title 47 - Commercial Instruments And Transactions
Chapter 13 - Assignments for Benefit of Creditors
47-13-117 - General assignments Prior judgment by confession or default.
47-13-117. General assignments Prior judgment by confession or default.
Any confession of judgment by a debtor, or permitting judgment to be taken by default, or by collusion, within three (3) months preceding a general assignment, and in contemplation of such assignment, shall be void, in the event a general assignment is made within three (3) months after the judgment.
[Acts 1881, ch. 121, § 3; Shan., § 3527a3; Code 1932, § 7789; T.C.A. (orig. ed.), § 47-1517.]
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