§ 66-29-305. Proceeds of Sale of Aircraft
If the aircraft is sold, the airport authority shall satisfy the airport authority’s lien, plus the reasonable expenses of notice, advertisement, and sale, from the proceeds of the sale. The balance of the proceeds of the sale, if any, shall be held by the airport authority, and delivered on demand to the owner of the […]
§ 66-29-306. Person Acquiring Legal Interest in Aircraft — Documents of Disposition
Any person acquiring a legal interest in an aircraft under this part shall be the lawful owner of the aircraft and all other legal or equitable interests in that aircraft shall be divested; provided, that the holder of any legal or equitable interest was notified of the intended disposal of the aircraft as required in […]
§ 66-30-101. Short Title
This chapter shall be known and may be cited as the “Tennessee Residential Ground Rent Act.”
§ 66-30-102. Chapter Definitions
As used in this chapter, unless the context otherwise requires: “Obligee” means any person or entity to whom a residential ground rent is owed, including its successors and assigns; “Obligor” means one (1) or more individuals who are obligated to pay a residential ground rent, including their successors, sublessees or assigns; “Residential ground rent” means […]
§ 66-30-103. Form and Contents of Agreements
In any case where a residential ground rent is created, the agreement therefor shall: Be reduced to writing; Be in recordable form; Disclose the date, the names of the parties, the ground rent and any future adjustments to it, when such rent is payable, the duration of the agreement and the value of the land […]
§ 66-30-104. Lien Against Real Estate
A residential ground rent shall constitute a lien against the real estate from the time it is recorded, in a like manner as would a deed of trust or mortgage. Any deed of trust or mortgage on the interest of the obligor in the real estate may provide that a default in payment of ground […]
§ 66-30-105. Redemption
The obligor shall have the right to redeem a residential ground rent at any time after three (3) years from the date of the ground rent agreement. The redemption shall be effected for such amount as the obligor and the obligee may have agreed upon; or, in the absence of such an agreement, shall be […]
§ 66-29-302. Discovery of Derelict or Abandoned Aircraft at Public-Use Airport — Notification of Owner or Other Interested Party
If a derelict or abandoned aircraft is discovered on a public-use airport, whether or not the public-use airport is under a lease or license to a third party, the airport authority shall: Make a record of the date the aircraft was discovered on the public-use airport; and Inquire as to the name and address of […]
§ 66-29-180. Inclusion of Confidential Information in Notice Not Required
A holder is not required under this part to include confidential information in a notice the holder is required to provide to an apparent owner under this part.
§ 66-29-181. Maintenance of Confidential Information in Secure Manner
If a holder is required to include confidential information in a report to the treasurer, the information must be provided in a secure manner. If confidential information in a record is provided to and maintained by the treasurer and the treasurer’s agent as required by this part, the treasurer and the treasurer’s agent shall: Implement […]