There is a newer version of the Tennessee Code
2010 Tennessee Code
Title 55 - Motor and Other Vehicles
Chapter 27 - Funds held in Trust by Dealers, Distributors and Manufacturers
55-27-106 - Security interest in funds.
55-27-106. Security interest in funds.
A party holding trust funds provided for under this chapter and chapter 24 of this title may not grant to any third party any security or other interest in the trust funds.
[Acts 2009, ch. 322, § 2.]
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