Tennessee Statutes
§ 66-34-304 — Payments to be held in trust by prime contractor
Tennessee·Title 66
Any sums received by the prime contractor as payment for work, services, equipment, and materials supplied by the remote contractor for improvements to real property must be held by the prime contractor in trust for the benefit and use of the remote contractor, and are subject to all legal and equitable remedies.
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Related
The Strauss Company, Inc. v. Jarrett Builders, Inc.
(E.D. Tennessee, 2021)
Upper Cumberland Islamic Society v. Mayer
(E.D. Tennessee, 2023)
Clarksville Towers, LLC v. John Straussberger
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Legislative History
Amended by 2020 Tenn. Acts, ch. 749, s 26, eff. 7/1/2020. Acts 1991, ch. 45, § 1.
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