Tennessee § 48-1-201 - Participation certificates in bonds or notes secured by mortgages on realty.
Full text of Tennessee Tennessee Code Annotated § 48-1-201 — Participation certificates in bonds or notes secured by mortgages on realty., with citation guidance and answers to common questions.
§ 48-1-201. Participation certificates in bonds or notes secured by mortgages on realty.
Persons issuing and selling participation certificates in bonds or notes secured by mortgages or deeds of trust on land wherever located shall hold legal title to such bonds or notes in trust for the use and benefit of bona fide purchasers of such certificates to the extent of the interests sold to such purchasers, and such certificates and the interests represented thereby shall not be subject to the claims of creditors of the trustee holding legal title. Acts 1980, ch. 599, § 1; T.C.A., § 48-16-201 ; Acts 1985, ch. 110, § 1; T.C.A., § 48-2-201 . Code Commission Notes. Former § 48-2-201 was transferred to § 48-1-201 by the code commission in 2012. Law Reviews. The Federal Income Tax Considerations Involved in Forming and Operating a Bank Holding Company (Clayton D. Smith), 11 Mem. St. U.L. Rev. 453 (1981).
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 48-1-201
What does Tennessee Code Annotated § 48-1-201 cover?
Section 48-1-201 ("Participation certificates in bonds or notes secured by mortgages on realty.") 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 § 48-1-201?
A common citation format is "Tennessee Code Annotated § 48-1-201" (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 § 48-1-201 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.