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TENNESSEE STATUTES AND CODES
55-27-104 - Funds held in trust by a distributor.
55-27-104. Funds held in trust by a distributor.
Funds held by a manufacturer's distributor of motor vehicles that are described in one (1) or more of § 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.
[Acts 2009, ch. 322, § 2.]
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