Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 47-13-107 - Failure to settle - Removal of trustee — Tennessee Law | CourtGPT
  1. Home/
  2. Laws/
  3. Tennessee/
  4. Title 47 - Commercial Instruments and Transactions/
  5. Chapter 13 - Assignments for Benefit of Creditors/
  6. Section 47-13-107 - Failure to settle - Removal of trustee
Tennessee Legal Code

Section 47-13-107 - Failure to settle - Removal of trustee

Ask AI about this
(a) In addition to the foregoing penalties for failure to settle, the court having the jurisdiction of the monthly county court has the power, and it is its duty, upon application, by petition, unless satisfactory reasons be shown why the same shall not be done, to revoke the appointment of such trustee and remove the trustee, and appoint another, who shall be subject to §§ 47-13-103 - 47-13-109.(b) In all such proceedings to remove such trustee or assignee, the trustee or assignee shall have reasonable notice, not less than ten (10) days, of such application and an opportunity to defend same.Acts 1899, ch. 371, § 5; Shan., § 3524a5; Code 1932, § 7779; T.C.A. (orig. ed.), § 47-1507; modified.