Tennessee Code 30-2-209 – Assignment out of sale proceeds
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Terms Used In Tennessee Code 30-2-209
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Minor: means any person who has not attained eighteen (18) years of age. See Tennessee Code 1-3-105
If real estate is so situated that homestead cannot be set apart, as provided in this part, then the realty shall be sold and thirty-five thousand dollars ($35,000) of the proceeds invested in real estate, under the direction of the court having jurisdiction to be held as homestead subject to the law governing homestead, or if the court deems it more desirable and practical, it may order the payment of thirty-five thousand dollars ($35,000) in cash or other personal property outright and in fee to the surviving spouse, if any, otherwise to the minor children, if any, in lieu of all other homestead rights in the realty of the deceased.