(a) Where any receivership property is subject to a tax lien securing a tax owed to a governmental body that is not a party to the receivership suit, such governmental body shall be allowed to intervene in the receivership suit.

Terms Used In Tennessee Code 67-5-2204

  • Governmental body: means the state of Tennessee, or any county, municipality or other governmental subdivision of the state. See Tennessee Code 67-5-2201
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Property: means any and all real property and all improvements thereon or used in connection therewith. See Tennessee Code 67-5-2201
  • Tax: means any obligation due a governmental body, which obligation is secured by a lien on real property. See Tennessee Code 67-5-2201
(b) Such intervention shall not affect distributions made by the receiver before such intervention, but subsequent distributions shall be made on the same basis as if the intervening party had been an original party to the receivership suit.
  Previous section
Next section  
 Part 22 Contents