2020 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 50 - Miscellaneous Provisions
§ 47-50-102. Assignable Instruments — Suit by Assignee
Bonds with collateral conditions, bills or notes for specific articles or the performance of any duty, nonnegotiable notes for money and accepted orders shall be assignable, and suit may be prosecuted by the assignee in the assignee's own name.
Code 1858, § 1967 (deriv. Acts 1801, ch. 6, § 54); Shan., § 3516; mod. Code 1932, § 7321; T.C.A. (orig. ed.), §§ 47-801, 47-15-102.
Compiler's Notes. The word “accepted” was inserted before “orders” in the 1932 Code to give the section the meaning set forth in DeLiquero v. Munson, 58 Tenn. 15 (1872) and to harmonize this section with §47-50-105.
Textbooks. Tennessee Jurisprudence, 3 Tenn. Juris., Assignments, §§ 7, 8-11, 42, 51, 53; 5 Tenn. Juris., Bonds, § 10; 5 Tenn. Juris., Bridges, § 6.
Cited: Spicer v. King Bros. & Co., 136 Tenn. 408, 189 S.W. 865, 1916 Tenn. LEXIS 145 (1916); Can Do Pension & Profit Sharing Plan & Successor Plans v. Manier, Herod, Hollabaugh & Smith, 922 S.W.2d 865, 1996 Tenn. LEXIS 304 (Tenn. 1996); Clark v. BP Oil Co., 930 F. Supp. 1196, 1996 U.S. Dist. LEXIS 9482 (E.D. Tenn. 1996).
