§ 55-27-102. Funds held in trust by a dealer.

TN Code § 55-27-102 (2019) (N/A)
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(1) Satisfy obligations secured by a lien or other security interest in a motor vehicle or other tangible personal property taken by the dealer as a trade-in in partial or complete consideration for the purchase of a motor vehicle;

(2) Pay to the taxing authorities the sales or use tax collected by the dealer on the sale of a motor vehicle; or

(3) Pay the fees imposed for the transfer of title, registration and licensing of the vehicle;