{"data":{"id":"us-tn/tenn.-code-ann.-43-32-211","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 43-32-211","heading":"Commission - Duties","body":"The commissioner, upon determining that a commodity dealer or warehouseman has defaulted payment or failed, has the duty under this part, in addition to any other duties granted to the commissioner by law, to:\n(1) Request the transfer of moneys from the Tennessee grain indemnity fund when necessary for the purpose of compensating claimants in accordance with § 43-32-210 ;\n(2) Hold in trust any assets of a failed commodity dealer or warehouseman for the purposes of repayment of the Tennessee grain indemnity fund moneys used to pay claimants; any repayment to the appropriate indemnity fund shall not exceed the principal amount paid to claimants; and\n(3) In the event that the amount in the Tennessee grain indemnity fund is insufficient to pay all valid claims in accordance with § 43-32-210 , pay valid claims based on a pro rata share of available funds.","path":["TN Code","Title 43","Chapter 32"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"4560daee04b886b5d465d35a89c303afd95ba2ad49dfe56d9fda24dccaaf7eb1","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-43-32-210","next":"us-tn/tenn.-code-ann.-43-32-212"},"notice":"GroundRules: Original legal text. Not legal advice."}