Tennessee § 66-34-304 - Payments to be held in trust by prime contractor.
Full text of Tennessee Tennessee Code Annotated § 66-34-304 — Payments to be held in trust by prime contractor., with citation guidance and answers to common questions.
§ 66-34-304. Payments to be held in trust by prime contractor.
Any sums received by the prime contractor as payment for work, services, equipment, and materials supplied by the remote contractor for improvements to real property must be held by the prime contractor in trust for the benefit and use of the remote contractor, and are subject to all legal and equitable remedies. Acts 1991, ch. 45, § 1; 2020, ch. 749, § 26. Compiler's Notes. Acts 2020, ch. 749, § 42 provided that the act, which amended this section, applies to actions occurring and contracts entered into, amended, or renewed on or after July 1, 2020. Amendments. The 2020 amendment inserted “prime” twice, and substituted “remote contractor” for “subcontractor, materialman or furnisher” twice. Effective Dates. Acts 2020, ch. 749, § 42. July 1, 2020.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 66-34-304
What does Tennessee Code Annotated § 66-34-304 cover?
Section 66-34-304 ("Payments to be held in trust by prime contractor.") 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 § 66-34-304?
A common citation format is "Tennessee Code Annotated § 66-34-304" (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 § 66-34-304 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.