Tenn. Code § 40-33-202

Current through Acts 2023-2024, ch. 1069

Section 40-33-202 - Part definitions

As used in this part, unless the context otherwise requires:

(1) "Applicable agency" means the agency, board, commission or department charged by law or permitted by agreement with conducting the forfeiture proceeding for the particular property seized; and

(2) "Secured party" means the holder of a security interest in the seized property acquired in the ordinary course of business within the meaning of § 47-9-102(a) and shall include a recourse party under the terms of a financing agreement.

T.C.A. § 40-33-202

Acts 1994, ch. 925, § 1; 2000, ch. 846, § 27.