Failure to settle - Penalty

Any such trustee or assignee, who fails or refuses to settle, as above required, after such citation or notice, commits a Class A misdemeanor, and shall be liable to indictment or presentment in the same manner as administrators who fail or refuse to settle as required of them by law. Acts 1899, ch. 371, § 4; Shan., § 3524a4; Code 1932, § 7778; T.C.A. (orig. ed.), § 47-1506; Acts 1989, ch. 591, §§ 1, 6. Any such trustee or assignee, who fails or refuses to settle, as above required, after such citation or notice, commits a Class A misdemeanor, and shall be liable to indictment or presentment in the same manner as administrators who fail or refuse to settle as required of them by law. Acts 1899, ch. 371, § 4; Shan., § 3524a4; Code 1932, § 7778; T.C.A. (orig. ed.), § 47-1506; Acts 1989, ch. 591, §§ 1, 6.