Remedies and Special Proceedings - As introduced, prevents a receivership proceeding from interfering with the rights of a superior interest holder in property subject to the receivership absent the express consent of the superior interest holder. - Amends TCA Title 29.

Summary

The legislation amends Tennessee’s receivership statutes to protect anyone whose interest in a property is deemed superior—such as a prior‑recorded deed of trust or earlier UCC filing. A receiver cannot limit, impede, or enjoin those superior rights unless the holder expressly consents, and courts must respect existing venue or jurisdiction agreements. It also lets a superior interest holder intervene to confirm priority and recover attorney fees.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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