Tennessee Code 43-28-310 – Purchaser’s brand put on timber by seller vests title in purchaser – Rights as to purchase money unaffected
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 43-28-310
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
Whenever any timber is branded by the seller or another with the seller’s consent, with the brand of the purchaser or other person, corporation or firm, then the title to the timber shall at once pass to the person, corporation or firm whose brand is placed upon it, but this shall not affect the rights of contracting parties with respect to the payment of the purchase money for the timber.