Tennessee § 35-16-103 Qualified affidavit requirements

Tennessee Statutes

§ 35-16-103 — Qualified affidavit requirements

Tennessee § 35-16-103

Title35

This text of Tennessee § 35-16-103 (Qualified affidavit requirements) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 35-16-103 (2026).

Text

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.