The garnishee shall not be made liable upon a debt due by negotiable or assignable paper, unless such paper is delivered, or the garnishee completely exonerated or indemnified from all liability thereon, after the garnishee may have satisfied the judgment or decree.
Tenn. Code Ann. § 29-7-105
Liability on instrument
Applied in 1 court decision — leading case Pepper/Holt Joint Venture v. Roderick Group, Inc. (In re Hodevco, Inc.) (1994)
Most recently applied in Pepper/Holt Joint Venture v. Roderick Group, Inc. (In re Hodevco, Inc.) (January 1994)
Code 1858, § 3495; Shan., § 5255; Code 1932, § 9446; T.C.A
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.