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2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 13 - Assignments for Benefit of Creditors
§ 47-13-117. General Assignments — Prior Judgment by Confession or Default
Universal Citation:
TN Code § 47-13-117 (2021)
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Any confession of judgment by a debtor, or permitting judgment to be taken by default, or by collusion, within three (3) months preceding a general assignment, and in contemplation of such assignment, shall be void, in the event a general assignment is made within three (3) months after the judgment.
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