Tennessee § 4-31-1012 - Pledges.
Full text of Tennessee Tennessee Code Annotated § 4-31-1012 — Pledges., with citation guidance and answers to common questions.
§ 4-31-1012. Pledges.
Any pledge made by the authority pursuant to this chapter, or by a local government unit pursuant to a loan program agreement, or by a local education agency in connection therewith shall be valid and binding from the time when the pledge is made, the moneys or property so pledged and thereafter received by the authority or local government unit, as applicable, shall immediately be subject to the lien of such pledge without any physical delivery thereof or further act. The lien of any such pledge shall be valid and binding as against all parties having claims of any kind in tort, contract, or otherwise against the authority, local government units, or local education agency as applicable, irrespective of whether such parties have notice of those claims. Recording of the resolution or any other instrument by which a pledge is created is not required. Acts 2003, ch. 298, § 5.
Frequently Asked Questions About Tennessee § 4-31-1012
What does Tennessee Code Annotated § 4-31-1012 cover?
Section 4-31-1012 ("Pledges.") 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 § 4-31-1012?
A common citation format is "Tennessee Code Annotated § 4-31-1012" (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 § 4-31-1012 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.