Tennessee § 66-32-204 Exemptions

Tennessee Statutes

§ 66-32-204 — Exemptions

Tennessee § 66-32-204

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This text of Tennessee § 66-32-204 (Exemptions) 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. § 66-32-204 (2026).

Text

This part does not apply to any of the following:

(1)An offer or disposition other than in the ordinary course of business by any holder of a purchase money lien, including any assignee thereof, who acquires a vacation club interest as a result of an owner's default with respect to the owner's purchase money financing obligations, whether such vacation club interest is acquired by foreclosure, the acceptance of a deed in lieu thereof, or other legal or equitable means;

(2)A gratuitous disposition;

(3)A disposition by devise, descent, or distribution or a disposition to an inter vivos trust;

(4)An offer or disposition of a vacation club interest by an owner other than a developer, unless such owner makes such offer and disposition in the ordinary course of its business; or (5) An offer

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This part does not apply to any of the following: (1) An offer or disposition other than in the ordinary course of business by any holder of a purchase money lien, including any assignee thereof, who acquires a vacation club interest as a result of an owner's default with respect to the owner's purchase money financing obligations, whether such vacation club interest is acquired by foreclosure, the acceptance of a deed in lieu thereof, or other legal or equitable means; (2) A gratuitous disposition; (3) A disposition by devise, descent, or distribution or a disposition to an inter vivos trust; (4) An offer or disposition of a vacation club interest by an owner other than a developer, unless such owner makes such offer and disposition in the ordinary course of its business; or (5) An offer or disposition of a vacation club interest that is part of a duly registered vacation club pursuant to the laws of a state with the same or more stringent requirements as this state.