Bonds with collateral conditions, bills or notes for specific articles or the performance of any duty, nonnegotiable notes for money and accepted orders shall be assignable, and suit may be prosecuted by the assignee in the assignee's own name.
Code 1858, § 1967 (deriv. Acts 1801, ch. 6, § 54); Shan., §3516; mod. Code 1932, § 7321; T.C.A. (orig. ed.), §§ 47-801, 47-15-102.
Notes of Decisions
Clark v. BP Oil Co., 930 F. Supp. 1196 (E.D. Tenn. 1996).
“Tennessee Code Annotated § 47-50-102 provides, “Bonds with collateral conditions, bills or notes for specific articles or the performance of any duty, nonnegotiable notes for money and accepted orders shall be assignable, and suit may be prosecuted by the assignee in the…”
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