Any trustee or assignee to whom property has been conveyed in trust for the benefit of creditors, under the provisions of this chapter, shall be required to make settlement with the person performing the duties of the county clerk of the county in which the deed of trust or assignment was made, as soon after qualification as the nature of the deed or assignment will admit, showing what funds the trustee or assignee has received, how the trustee or assignee has disposed of the trust property, what expenses the trustee or assignee has paid out, and what amount of the funds remain in the trustee's or assignee's hands for payment to beneficiaries under the deed or assignment.
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 13 - Assignments for Benefit of Creditors
§ 47-13-101. Trustees or Assignees for Creditors, Etc. — Bond — Oath
§ 47-13-102. Filing of Bond and Oath
§ 47-13-103. Settlement by Trustee or Assignee
§ 47-13-104. Failure to Settle — Citation Upon Application of Interested Party
§ 47-13-105. Failure to Settle — Citation Without Application
§ 47-13-106. Failure to Settle — Penalty
§ 47-13-108. Applicability of §§ 47-13-103 — 47-13-109
§ 47-13-109. Fees for Services Under §§ 47-13-103 — 47-13-108
§ 47-13-110. Compensation of Trustees
§ 47-13-111. Noncompliance by Trustee — Appointment of Receiver
§ 47-13-112. Death, Resignation, or Removal of Trustee
§ 47-13-113. Powers of Successor Trustee
§ 47-13-114. Release of Sureties
§ 47-13-116. General Assignments — Prior Conveyance for Benefit of Particular Creditor
§ 47-13-117. General Assignments — Prior Judgment by Confession or Default
§ 47-13-118. General Assignments — Inventory — Trustee's Rights to Property
§ 47-13-119. Mortgages, Deeds of Trust or Security Agreements