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2016 Tennessee Code
Title 55 - Motor and Other Vehicles
Chapter 27 - Funds Held in Trust by Dealers, Distributors and Manufacturers
§ 55-27-104. Funds held in trust by a distributor.

TN Code § 55-27-104 (2016) What's This?

Funds held by a manufacturer's distributor of motor vehicles that are described in one (1) or more of ยง 55-27-103(1)-(10), as to which the distributor is obligated to a dealer or customer, are trust funds held in trust by the manufacturer's distributor for the benefit of any dealer or customer to whom the obligation is owed.

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