2021 Tennessee Code
Chapter 13 - Assignments for Benefit of Creditors
§ 47-13-106. Failure to Settle — Penalty

Any such trustee or assignee, who fails or refuses to settle, as above required, after such citation or notice, commits a Class A misdemeanor, and shall be liable to indictment or presentment in the same manner as administrators who fail or refuse to settle as required of them by law.