§ 47-9-401 Alienability of debtor’s rights
§ 47-9-402 Secured party not obligated on contract of debtor or in tort
§ 47-9-403 Agreement not to assert defenses against assignee
§ 47-9-404 Rights acquired by assignee – Claims and defenses against assignee
§ 47-9-405 Modification of assigned contract
§ 47-9-406 Discharge of account debtor – Notification of assignment – Identification and proof of assignment – Restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective
§ 47-9-407 Restrictions on creation or enforcement of security interest in leasehold interest or in lessor’s residual interest
§ 47-9-408 Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective
§ 47-9-409 Restrictions on assignment of letter-of-credit rights ineffective

Terms Used In Tennessee Code > Title 47 > Chapter 9 > Part 4 - Rights of Third Parties

  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
  • Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in a perceivable form. See Tennessee Code 1-3-105
  • State: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Tennessee Code 1-3-105
  • Statute: A law passed by a legislature.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.