The court having the jurisdiction of the monthly county court, upon application, or the chancery court, if the trust is administered in the chancery court, may allow a trustee or assignee compensation exceeding the compensation of clerks and masters, if the character of the services rendered entitle the trustee or assignee to such compensation in the opinion of such court, but such compensation in no case shall exceed five percent (5%).
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