Tennessee Code 29-22-106 – Lienholder not to be named on checks or drafts
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Terms Used In Tennessee Code 29-22-106
- 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.
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
No person, firm, or corporation, paying a claim, demand, or judgment shall include the name of any lien claimant, under this chapter, as a payee on any drafts or checks issued to settle such claims, demands, or judgments.