Tennessee Code 29-40-110 – Security agreement covering after-acquired property
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 29-40-110
- Court: means a chancery court in this state. See Tennessee Code 29-40-102
- Owner: means the person for whose property a receiver is appointed. See Tennessee Code 29-40-102
- Property: includes proceeds, products, offspring, rents, or profits of or from the property. See Tennessee Code 29-40-102
- Receiver: means a person appointed by the court as the court's agent, and subject to the court's direction, to take possession of, manage, and, if authorized by this chapter or court order, transfer, sell, lease, license, exchange, collect, or otherwise dispose of receivership property. See Tennessee Code 29-40-102
- Security agreement: means an agreement that creates or provides for a lien. See Tennessee Code 29-40-102
- State: means a state of the United States, the District of Columbia, Puerto Rico, the United States Virgin Islands, or any territory or insular possession subject to the jurisdiction of the United States. See Tennessee Code 29-40-102
Except as otherwise provided by the law of this state, other than this chapter, property that a receiver or owner acquires after appointment of the receiver is subject to a security agreement entered into before the appointment to the same extent as if the court had not appointed the receiver.