Tenn. Code § 55-27-104
Current through Acts 2023-2024, ch. 1069
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.
T.C.A. § 55-27-104