Performance by a prime contractor in accordance with a written contract with an owner for improvement of real property entitles the prime contractor to payment from the owner.
Tenn. Code Ann. § 66-34-201
Prime contractor entitled to payment from owner
Known as the Prompt Pay Act
The act spans §§ 66-34-101 to 66-34-704 (22 sections).
Applied in 1 court decision — leading case 165 F. Supp. 2d 723 - Bricks, Inc. v. BNY Trust Co. of Missouri (2001)
Most recently applied in 165 F. Supp. 2d 723 - Bricks, Inc. v. BNY Trust Co. of Missouri (October 2001)
Acts 1991, ch. 45, § 1; 2020, ch. 749, § 18.
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.