Tennessee § 29-40-104 Scope - Exclusions

Tennessee Statutes

§ 29-40-104 — Scope - Exclusions

Tennessee § 29-40-104

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This text of Tennessee § 29-40-104 (Scope - Exclusions) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 29-40-104 (2026).

Text

(a)Except as otherwise provided in subsection (b) or (c), this chapter applies to a receivership for an interest in real property and any personal property related to or used in operating the real property.

(b)This chapter does not apply to a receivership for an interest in real property improved by one (1) to four (4) dwelling units unless:

(1)The interest is used for agricultural, commercial, industrial, or mineral-extraction purposes, other than incidental uses by an owner occupying the property as the owner's primary residence;

(2)The interest secures an obligation incurred at a time when the property was used or planned for use for agricultural, commercial, industrial, or mineral-extraction purposes;

(3)The owner planned or is planning to develop the property into one (1) or more

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(a) Except as otherwise provided in subsection (b) or (c), this chapter applies to a receivership for an interest in real property and any personal property related to or used in operating the real property. (b) This chapter does not apply to a receivership for an interest in real property improved by one (1) to four (4) dwelling units unless: (1) The interest is used for agricultural, commercial, industrial, or mineral-extraction purposes, other than incidental uses by an owner occupying the property as the owner's primary residence; (2) The interest secures an obligation incurred at a time when the property was used or planned for use for agricultural, commercial, industrial, or mineral-extraction purposes; (3) The owner planned or is planning to develop the property into one (1) or more dwelling units to be sold or leased in the ordinary course of the owner's business; or (4) The owner is collecting or has the right to collect rents or other income from the property from a person other than an affiliate of the owner. (c) This chapter does not apply to a receivership authorized by the law of this state, other than this chapter, in which the receiver is a governmental unit or an individual acting in an official capacity on behalf of the governmental unit. (d) This chapter does not limit the authority of a court to appoint a receiver under other state law. (e) Unless displaced by a particular provision of this chapter, the principles of law and equity supplement this chapter.