Tennessee § 67-5-1324 - Situs of intangibles apportioned to state.
Full text of Tennessee Tennessee Code Annotated § 67-5-1324 — Situs of intangibles apportioned to state., with citation guidance and answers to common questions.
§ 67-5-1324. Situs of intangibles apportioned to state.
The proportionate share of the value of the intangible property of such companies as do business in this and other states, growing out of the use of their tangible property in this state under their franchises, privileges, and contracts, shall have its situs in this state and in the several counties and municipalities thereof in which they exercise their rights; provided, that property of any such owner located outside of the state which is not directly used in the business to which the property in the state is devoted shall not enter into the value of the property within the state to be assessed. Acts 1973, ch. 226, § 11; T.C.A., § 67-924.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 67-5-1324
What does Tennessee Code Annotated § 67-5-1324 cover?
Section 67-5-1324 ("Situs of intangibles apportioned to state.") 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 § 67-5-1324?
A common citation format is "Tennessee Code Annotated § 67-5-1324" (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 § 67-5-1324 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.