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Tenn. Code Ann. § 29-40-121

Fees and expenses

Known as the Uniform Commercial Real Estate Receivership Act

The act spans §§ 29–29 (28 sections).

Acts 2018, ch. 731, § 1.

(1) The court may award a receiver from receivership property the reasonable and necessary fees and expenses of performing the duties of the receiver and exercising the powers of the receiver.

(2) The court may order one (1) or more of the following to pay the reasonable and necessary fees and expenses of the receivership, including reasonable attorney's fees and costs: A person that requested the appointment of the receiver, if the receivership does not produce sufficient funds to pay the fees and expenses; or

(3) A person whose conduct justified or would have justified the appointment of the receiver under § 29-40-106(a)(1).

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.