69-5-803 - Collected assessment a fund for costs and expenses.

69-5-803. Collected assessment a fund for costs and expenses.

When an assessment is collected, it shall constitute a fund for the payment of costs and expenses.

[Acts 1915, ch. 63, § 2; Shan., § 3871a65; Code 1932, § 4293; T.C.A. (orig. ed.), § 70-1303; T.C.A. § 69-6-803.]