Tennessee § 35-16-103 Qualified affidavit requirements

Tennessee Statutes

§ 35-16-103 — Qualified affidavit requirements

A qualified affidavit shall state that:

(1)The transferor has full right, title, and authority to transfer the assets to the trust;

(2)The transfer of the assets to the trust will not render the transferor insolvent;

(3)The transferor does not intend to defraud a creditor by transferring the assets to the trust;

(4)The transferor does not have any pending or threatened court actions against the transferor, except for those court actions identified by the transferor on an attachment to the affidavit;

(5)The transferor is not involved in any administrative proceedings, except for those administrative proceedings identified on an attachment to the affidavit;

(6)The transferor does not contemplate filing for relief under the federal bankruptcy code; and (7) The assets being transferred t

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A qualified affidavit shall state that: (1) The transferor has full right, title, and authority to transfer the assets to the trust; (2) The transfer of the assets to the trust will not render the transferor insolvent; (3) The transferor does not intend to defraud a creditor by transferring the assets to the trust; (4) The transferor does not have any pending or threatened court actions against the transferor, except for those court actions identified by the transferor on an attachment to the affidavit; (5) The transferor is not involved in any administrative proceedings, except for those administrative proceedings identified on an attachment to the affidavit; (6) The transferor does not contemplate filing for relief under the federal bankruptcy code; and (7) The assets being transferred to the trust were not derived from unlawful activities.

Tennessee § 35-16-103 (Qualified affidavit requirements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.