Tennessee § 66-32-204 - Exemptions.
Full text of Tennessee Tennessee Code Annotated § 66-32-204 — Exemptions., with citation guidance and answers to common questions.
§ 66-32-204. Exemptions.
This part does not apply to any of the following: An offer or disposition other than in the ordinary course of business by any holder of a purchase money lien, including any assignee thereof, who acquires a vacation club interest as a result of an owner's default with respect to the owner's purchase money financing obligations, whether such vacation club interest is acquired by foreclosure, the acceptance of a deed in lieu thereof, or other legal or equitable means; A gratuitous disposition; A disposition by devise, descent, or distribution or a disposition to an inter vivos trust; An offer or disposition of a vacation club interest by an owner other than a developer, unless such owner makes such offer and disposition in the ordinary course of its business; or An offer or disposition of a vacation club interest that is part of a duly registered vacation club pursuant to the laws of a state with the same or more stringent requirements as this state. Acts 1995, ch. 90, § 4.
Frequently Asked Questions About Tennessee § 66-32-204
What does Tennessee Code Annotated § 66-32-204 cover?
Section 66-32-204 ("Exemptions.") 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 § 66-32-204?
A common citation format is "Tennessee Code Annotated § 66-32-204" (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 § 66-32-204 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.