Tennessee § 12-2-411 - Disposition of proceeds.
Full text of Tennessee Tennessee Code Annotated § 12-2-411 — Disposition of proceeds., with citation guidance and answers to common questions.
§ 12-2-411. Disposition of proceeds.
The proceeds from the disposal of property under this part shall be remitted to the department releasing such property. The commissioner shall charge the releasing department a reasonable fee to cover the cost of disposition of the property, except where the releasing department is authorized pursuant to § 12-2-410 to serve as the agent for disposal. The method of determining such fee shall be governed by regulations of the procurement commission. Acts 1976, ch. 821, § 11; T.C.A., § 12-245; Acts 2011, ch. 295, §§ 9(a), 19.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 12-2-411
What does Tennessee Code Annotated § 12-2-411 cover?
Section 12-2-411 ("Disposition of proceeds.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 12-2-411?
A common citation format is "Tennessee Code Annotated § 12-2-411" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 12-2-411 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.