All moneys arising from insurance on a homestead which is destroyed by fire, or by other disaster, shall be exempt in an amount not to exceed five thousand dollars ($5,000). This insurance exemption shall not operate so as to exclude the interest of any mortgagee at the time of the insurance loss so long as the mortgagee's interest is evidenced by a written contract.
Tenn. Code Ann. § 26-2-304
Insurance proceeds from homestead
Known as the Personal Property Owner's Rights and Garnishment Act
The act spans §§ 26–26 (62 sections).
Applied in 1 court decision — leading case Mills v. United States (In Re Mills) (1984)
Most recently applied in Mills v. United States (In Re Mills) (February 1984)
Code 1932, § 7734; Acts 1979, ch. 61, § 4; T.C.A., § 26-305.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.