Tenn. Code Ann. § 47-13-116: General assignments - Prior conveyance for benefit of particular creditor
Where this section sits in the code
- TN Code
- Title 47
- Chapter 13
Any mortgage, deed of trust, security interest under the Uniform Commercial Code, or any other conveyance of a portion of a debtor's property for the benefit of any particular creditor or creditors, made within three (3) months preceding a general assignment and in contemplation of making a general assignment, shall be void in the event a general assignment is made within three (3) months thereafter, and the property conveyed by such conveyance shall be shared ratably by all creditors just as that embraced in general assignments.
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