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2014 Tennessee Code
Title 47 - Commercial Instruments And Transactions
Chapter 13 - Assignments for Benefit of Creditors
§ 47-13-106 - Failure to settle -- Penalty.

TN Code § 47-13-106 (2014) What's This?

Any such trustee or assignee, who fails or refuses to settle, as above required, after such citation or notice, commits a Class A misdemeanor, and shall be liable to indictment or presentment in the same manner as administrators who fail or refuse to settle as required of them by law.

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