Tennessee Statutes
§ 66-29-305 — Proceeds of sale of aircraft
Tennessee·Title 66
(a)If the aircraft is sold, the airport authority shall satisfy the airport authority's lien, plus the reasonable expenses of notice, advertisement, and sale, from the proceeds of the sale.
(b)The balance of the proceeds of the sale, if any, shall be held by the airport authority, and delivered on demand to the owner of the aircraft.
(c)If no person claims the balance within twelve (12) months of the date of sale, the airport authority shall retain the funds and use the funds for airport operations.
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Tennessee § 66-29-305 (Proceeds of sale of aircraft) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by 2016 Tenn. Acts, ch. 800,s 1, eff. 4/14/2016.
Nearby Sections
15
§ 66-1-102
Estates tail abolished§ 66-1-103
Rule in Shelley's case abolished§ 66-1-107
Survivorship in joint tenancy abolished§ 66-1-108
Survivorship in partnership property§ 66-1-111
Doctrine of worthier title abolished§ 66-1-201
Short title