Tennessee § 66-11-140 Misuse of proceeds prima facie evidence of intent to defraud

Tennessee Statutes

§ 66-11-140 — Misuse of proceeds prima facie evidence of intent to defraud

Tennessee § 66-11-140

Title66

This text of Tennessee § 66-11-140 (Misuse of proceeds prima facie evidence of intent to defraud) 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. § 66-11-140 (2026).

Text

Use of the proceeds as enumerated in §§ 66-11-137 - 66-11-139 for any purpose other than either payment pursuant to written agreement between the parties or in accordance with the allocation of costs and profits under generally accepted accounting principles for construction projects shall be prima facie evidence of intent to defraud. Use of a single business bank account for multiple projects shall not be evidence of intent to defraud.

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Use of the proceeds as enumerated in §§ 66-11-137 - 66-11-139 for any purpose other than either payment pursuant to written agreement between the parties or in accordance with the allocation of costs and profits under generally accepted accounting principles for construction projects shall be prima facie evidence of intent to defraud. Use of a single business bank account for multiple projects shall not be evidence of intent to defraud.