General assignments - Prior judgment by confession or default

Any confession of judgment by a debtor, or permitting judgment to be taken by default, or by collusion, within three (3) months preceding a general assignment, and in contemplation of such assignment, shall be void, in the event a general assignment is made within three (3) months after the judgment. Acts 1881, ch. 121, § 3; Shan., § 3527a3; Code 1932, § 7789; T.C.A. (orig. ed.), § 47-1517. Any confession of judgment by a debtor, or permitting judgment to be taken by default, or by collusion, within three (3) months preceding a general assignment, and in contemplation of such assignment, shall be void, in the event a general assignment is made within three (3) months after the judgment. Acts 1881, ch. 121, § 3; Shan., § 3527a3; Code 1932, § 7789; T.C.A. (orig. ed.), § 47-1517.