Any mortgage, deed of trust, security interest under the Uniform Commercial Code, or any other conveyance of a portion of a debtor's property for the benefit of any particular creditor or creditors, made within three (3) months preceding a general assignment and in contemplation of making a general assignment, shall be void in the event a general assignment is made within three (3) months thereafter, and the property conveyed by such conveyance shall be shared ratably by all creditors just as that embraced in general assignments.
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