Funds held in trust by a distributor

Funds held by a manufacturer's distributor of motor vehicles that are described in one (1) or more of § 55-27-103(1)-(10) , as to which the distributor is obligated to a dealer or customer, are trust funds held in trust by the manufacturer's distributor for the benefit of any dealer or customer to whom the obligation is owed. Acts 2009, ch. 322, § 2. Funds held by a manufacturer's distributor of motor vehicles that are described in one (1) or more of § 55-27-103(1)-(10) , as to which the distributor is obligated to a dealer or customer, are trust funds held in trust by the manufacturer's distributor for the benefit of any dealer or customer to whom the obligation is owed. Acts 2009, ch. 322, § 2.