Tennessee § 29-40-115 - Engagement and compensation of professional.
Full text of Tennessee Tennessee Code Annotated § 29-40-115 — Engagement and compensation of professional., with citation guidance and answers to common questions.
§ 29-40-115. Engagement and compensation of professional.
With court approval, a receiver may engage an attorney, accountant, appraiser, auctioneer, broker, or other professional to assist the receiver in performing a duty or exercising a power of the receiver. The receiver shall disclose to the court: A person is not disqualified from engagement under this section solely because of the person's engagement by, representation of, or other relationship with the receiver, a creditor, or a party. This chapter does not prevent the receiver from serving in the receivership as an attorney, accountant, auctioneer, or broker when authorized by law. A receiver or professional engaged under subsection (a) shall file with the court an itemized statement of the time spent, work performed, and billing rate of each person that performed the work and an itemized list of expenses. The receiver shall pay the amount approved by the court. The identity and qualifications of the professional; The scope and nature of the proposed engagement; Any potential conflict of interest; and The proposed compensation. Acts 2018, ch. 731, § 1. Effective Dates. Acts 2018, ch. 731, § 3. July 1, 2018.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 29-40-115
What does Tennessee Code Annotated § 29-40-115 cover?
Section 29-40-115 ("Engagement and compensation of professional.") 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 § 29-40-115?
A common citation format is "Tennessee Code Annotated § 29-40-115" (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 § 29-40-115 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.