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2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 13 - Assignments for Benefit of Creditors
§ 47-13-116. General Assignments — Prior Conveyance for Benefit of Particular Creditor
Universal Citation:
TN Code § 47-13-116 (2021)
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Any mortgage, deed of trust, security interest under the Uniform Commercial Code, or any other conveyance of a portion of a debtor's property for the benefit of any particular creditor or creditors, made within three (3) months preceding a general assignment and in contemplation of making a general assignment, shall be void in the event a general assignment is made within three (3) months thereafter, and the property conveyed by such conveyance shall be shared ratably by all creditors just as that embraced in general assignments.
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