Funds held by a manufacturer's distributor of motor vehicles that are described in one (1) or more of § 55-27-103(1)-(10), as to which the distributor is obligated to a dealer or customer, are trust funds held in trust by the manufacturer's distributor for the benefit of any dealer or customer to whom the obligation is owed.
Funds held in trust by a distributor
Tenn. Code Ann. § 55-27-104, under Funds held in Trust by Dealers, Distributors and Manufacturers.
Tenn. Code Ann. § 55-27-104