Tennessee § 56-20-109 Lien for assessments - Rights of subsequent purchaser, or junior lienholder

Tennessee Statutes

§ 56-20-109 — Lien for assessments - Rights of subsequent purchaser, or junior lienholder

Tennessee § 56-20-109

Title56

This text of Tennessee § 56-20-109 (Lien for assessments - Rights of subsequent purchaser, or junior lienholder) 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. § 56-20-109 (2026).

Text

The corporation shall have a lien upon the property insured to secure the payment of the assessments and calls as may be legally made under the contract of insurance, and, in case of loss, the subsequent purchaser, or junior lienholder, shall be entitled to the benefits of the insurance, and to the rights, benefits and privileges of the original insured, to the extent of the insured's interest in the property.

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The corporation shall have a lien upon the property insured to secure the payment of the assessments and calls as may be legally made under the contract of insurance, and, in case of loss, the subsequent purchaser, or junior lienholder, shall be entitled to the benefits of the insurance, and to the rights, benefits and privileges of the original insured, to the extent of the insured's interest in the property.