Tennessee Statutes
§ 67-5-2209 — Distribution of receivership assets
Tennessee·Title 67
The assets of the receivership shall be distributed for the following purposes, preference being given to the purposes in the order named:
(1)Court costs and all necessary or desirable expenses of the receivership, including the cost of maintenance, repair and improvement of receivership property;
(2)Taxes due parties to the tax suit in which the receiver is appointed, the same preference being given on such distribution that would be given in the distribution of funds resulting from a tax sale of the receivership property; and (3) Any residue remaining after the termination of the receivership shall be paid to the owner of the receivership property.
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Legislative History
Acts 1941, ch. 19, § 7; C. Supp. 1950, § 1789.13 (Williams, § 1789.7); T.C.A. (orig. ed.), § 67-1909.
Nearby Sections
15
§ 67-1-1001
Part definitions§ 67-1-1002
Grounds§ 67-1-1004
Ineffective against bona fide purchaser§ 67-1-1005
Duty to back assess or reassess - Citation§ 67-1-1006
Obtaining evidence§ 67-1-1008
Penalty and costs§ 67-1-1011
Records and reports§ 67-1-103
Study of tax laws - Report§ 67-1-104
Tax administration fund