Home/Tennessee/Statutes/Title: 55/§ 55-27-104
Tennessee Statutes

§ 55-27-104 — Funds held in trust by a distributor

Tennessee·Title 55

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.

Free access — add to your briefcase to read the full text and ask questions with AI

Tennessee § 55-27-104 (Funds held in trust by a distributor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Acts 2009, ch. 322, § 2.

Nearby Sections

15
§ 55-1-101
Short title for chapters 1-6
§ 55-1-102
Definitions of words and phrases generally
§ 55-1-103
"Autocycle," "motor bicycle," "motor vehicle," "motorcycle," "vehicle" and "freight motor vehicle" defined
§ 55-1-104
"Farm tractor," "motor home," "truck," and "truck tractor" defined
§ 55-1-105
"Manufactured home," "mobile home or house trailer," "pole trailer," "semitrailer," and "trailer" defined
§ 55-1-106
"Essential parts," "reconstructed vehicle," and "specially constructed vehicle" defined
§ 55-1-107
"Foreign vehicle" defined
§ 55-1-108
"Implement of husbandry" defined
§ 55-1-109
"Special mobile equipment" defined
§ 55-1-110
"Metal tire," "pneumatic tire" and "solid tire" defined
§ 55-1-111
"Commissioner" and "department" defined
§ 55-1-112
"Lienor," "owner" and "person" defined
§ 55-1-113
"Nonresident" defined
§ 55-1-114
"Dealer," "manufacturer" and "transporter" defined
§ 55-1-115
"Place of business" defined
View on official source ↗