Statutes > Tennessee Statutes > Title 9 - Public Finances > Chapter 4 - State Funds, State Budget and Appropriations > Part 4 - Security > 9-4-401 - Preference in insolvency.

9-4-401 - Preference in insolvency.

9-4-401. Preference in insolvency.

In the liquidation of insolvent state depositories, the return of all state deposits, including funds held in trust by state officials, shall be preferred in payment.

[Acts 1985, ch. 118, § 31.]