Tennessee § 29-40-124 - Receivership in another state — Ancillary proceeding.
Full text of Tennessee Tennessee Code Annotated § 29-40-124 — Receivership in another state — Ancillary proceeding., with citation guidance and answers to common questions.
§ 29-40-124. Receivership in another state — Ancillary proceeding.
The court may appoint a receiver appointed in another state, or that person's nominee, as an ancillary receiver with respect to property located in this state or subject to the jurisdiction of the court for which a receiver could be appointed under this chapter, if: The person or nominee would be eligible to serve as receiver under § 29-40-107; and The appointment furthers the person's possession, custody, control, or disposition of property subject to the receivership in the other state. The court may issue an order that gives effect to an order entered in another state appointing or directing a receiver. Unless the court orders otherwise, an ancillary receiver appointed under subsection (a) has the rights, powers, and duties of a receiver appointed under this chapter. 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 § 29-40-124
What does Tennessee Code Annotated § 29-40-124 cover?
Section 29-40-124 ("Receivership in another state — Ancillary proceeding.") 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 § 29-40-124?
A common citation format is "Tennessee Code Annotated § 29-40-124" (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 § 29-40-124 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.