66-3-102 - Personal property conveyed without consideration.
66-3-102. Personal property conveyed without consideration.
If a conveyance be of goods or chattels, and be not on consideration deemed valuable in law, it shall be taken to be fraudulent, unless the same be by will duly proved and recorded, or by bill of sale or other instrument acknowledged or proved and registered according to law, or unless possession remain with the donee.
[Code 1858, § 1760 (deriv. Acts 1801, ch. 25, § 2); Shan., § 3151; mod. Code 1932, § 7833; T.C.A. (orig. ed.), § 64-302.]