Tennessee § 47-13-103 - Settlement by trustee or assignee.
Full text of Tennessee Tennessee Code Annotated § 47-13-103 — Settlement by trustee or assignee., with citation guidance and answers to common questions.
§ 47-13-103. Settlement by trustee or assignee.
Any trustee or assignee to whom property has been conveyed in trust for the benefit of creditors, under the provisions of this chapter, shall be required to make settlement with the person performing the duties of the county clerk of the county in which the deed of trust or assignment was made, as soon after qualification as the nature of the deed or assignment will admit, showing what funds the trustee or assignee has received, how the trustee or assignee has disposed of the trust property, what expenses the trustee or assignee has paid out, and what amount of the funds remain in the trustee's or assignee's hands for payment to beneficiaries under the deed or assignment. Acts 1899, ch. 371, § 1; Shan., § 3524a1; Code 1932, § 7775; T.C.A. (orig. ed.), § 47-1503; modified. Textbooks. Tennessee Jurisprudence, 3 Tenn. Juris., Assignments for the Benefit of Creditors, § 28; 24 Tenn. Juris., Trusts and Trustees, § 61.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 47-13-103
What does Tennessee Code Annotated § 47-13-103 cover?
Section 47-13-103 ("Settlement by trustee or assignee.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 47-13-103?
A common citation format is "Tennessee Code Annotated § 47-13-103" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 47-13-103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.