Tennessee Code 66-11-123 – Transfer of debt by contractor
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Terms Used In Tennessee Code 66-11-123
- Lien: A claim against real or personal property in satisfaction of a debt.
- Lienor: means any person having a lien or right of lien on real property by virtue of this chapter, and includes the person's successor in interest. See Tennessee Code 66-11-101
- Prime contractor: means a person, including a land surveyor as defined in §. See Tennessee Code 66-11-101
- Remote contractor: means a person, including a land surveyor as defined in §. See Tennessee Code 66-11-101
The lien of another shall not be lost where any prime contractor or remote contractor has transferred or assigned the debt or charge due that lienor.