Tennessee § 47-50-102 - Assignable instruments — Suit by assignee.
Full text of Tennessee Tennessee Code Annotated § 47-50-102 — Assignable instruments — Suit by assignee., with citation guidance and answers to common questions.
§ 47-50-102. Assignable instruments — Suit by assignee.
Bonds with collateral conditions, bills or notes for specific articles or the performance of any duty, nonnegotiable notes for money and accepted orders shall be assignable, and suit may be prosecuted by the assignee in the assignee's own name. Code 1858, § 1967 (deriv. Acts 1801, ch. 6, § 54); Shan., § 3516; mod. Code 1932, § 7321; T.C.A. (orig. ed.), §§ 47-801, 47-15-102. Compiler's Notes. The word “accepted” was inserted before “orders” in the 1932 Code to give the section the meaning set forth in DeLiquero v. Munson, 58 Tenn. 15 (1872) and to harmonize this section with § 47-50-105 . Textbooks. Tennessee Jurisprudence, 3 Tenn. Juris., Assignments, §§ 7, 8-11, 42, 51, 53; 5 Tenn. Juris., Bonds, § 10; 5 Tenn. Juris., Bridges, § 6. Cited: Spicer v. King Bros. & Co., 136 Tenn. 408, 189 S.W. 865, 1916 Tenn. LEXIS 145 (1916); Can Do Pension & Profit Sharing Plan & Successor Plans v. Manier, Herod, Hollabaugh & Smith, 922 S.W.2d 865, 1996 Tenn. LEXIS 304 (Tenn. 1996); Clark v. BP Oil Co., 930 F. Supp. 1196, 1996 U.S. Dist. LEXIS 9482 (E.D. Tenn. 1996).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 47-50-102
What does Tennessee Code Annotated § 47-50-102 cover?
Section 47-50-102 ("Assignable instruments — Suit by 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 § 47-50-102?
A common citation format is "Tennessee Code Annotated § 47-50-102" (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 § 47-50-102 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.