Tennessee Code 29-40-105 – Power of court
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Terms Used In Tennessee Code 29-40-105
- Court: means a chancery court in this state. See Tennessee Code 29-40-102
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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
- Receivership: means a proceeding in which a receiver is appointed. See Tennessee Code 29-40-102
The court that appoints a receiver under this chapter has exclusive jurisdiction to direct the receiver and determine any controversy related to the receivership or receivership property.