(a) The trustee of each county in which lands so assessed are located shall collect such assessments upon the dates designated by the court and shall make settlement quarterly with the treasurer of the district for such collections.

Terms Used In Tennessee Code 69-6-139

  • District: means a watershed district for which organization is proposed or which has been granted under this chapter. See Tennessee Code 69-6-102
  • Lands: includes lands, tenements and hereditaments, and all rights thereto and interests therein, equitable as well as legal. See Tennessee Code 1-3-105
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • Trustee: A person or institution holding and administering property in trust.
(b) The trustee shall be entitled to a commission of one percent (1%) of such collections for such trustee’s services.
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