Tennessee § 47-16-109 Contingent right to proceeds from legal claim assignable - Priority of liens or rights in proceeds

Tennessee Statutes

§ 47-16-109 — Contingent right to proceeds from legal claim assignable - Priority of liens or rights in proceeds

Tennessee § 47-16-109

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This text of Tennessee § 47-16-109 (Contingent right to proceeds from legal claim assignable - Priority of liens or rights in proceeds) 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. § 47-16-109 (2026).

Text

(a)The contingent right to receive an amount of the potential proceeds of a legal claim may be assigned by a consumer and that assignment is valid for the purposes of obtaining litigation financing from a litigation financier.

(b)The lien of a litigation financier on a consumer's legal claim has priority over liens that attach and take effect subsequent to the attachment of the litigation financier's lien to the consumer's legal claim, except for the following:

(1)Attorney liens, insurance carrier liens, medical provider liens, or liens based upon subrogation interests or rights of reimbursement related to the consumer's legal claim; and (2) Child support, Medicare, tax, or any other statutory or governmental lien.

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(a) The contingent right to receive an amount of the potential proceeds of a legal claim may be assigned by a consumer and that assignment is valid for the purposes of obtaining litigation financing from a litigation financier. (b) The lien of a litigation financier on a consumer's legal claim has priority over liens that attach and take effect subsequent to the attachment of the litigation financier's lien to the consumer's legal claim, except for the following: (1) Attorney liens, insurance carrier liens, medical provider liens, or liens based upon subrogation interests or rights of reimbursement related to the consumer's legal claim; and (2) Child support, Medicare, tax, or any other statutory or governmental lien.