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Tennessee Code Title 47. Commercial Instruments and Transactions § 47-50-113

Current as of January 02, 2024 | Updated by Findlaw Staff

(a) When a vehicle is repossessed in this state, the individual, business or agency involved in the repossession may not abandon any personal property found in or on the vehicle for a period of fourteen (14) days following the repossession; provided further, that the individual, business or agency and any other individual or entity may not sell or otherwise dispose of the personal property during this fourteen-day period, notwithstanding title 45 or this title. If the owner reclaims the personal property within the fourteen-day period, then the owner shall be given possession without payment of any charges or fees.

(b) For purposes of this section:

(1) “Personal property” means any and all movable property not permanently affixed to the vehicle; and

(2) “Vehicle” includes any:

(A) Motor vehicle as defined in § 55-1-103;

(B) Aircraft as defined in § 42-2-101;

(C) Personal watercraft as defined in § 69-9-501;

(D) Boat as defined in § 69-3-103;

(E) Off-road vehicle as defined in § 47-25-1902;

(F) Farm tractor as defined in § 55-1-104;

(G) Tractor-drawn major farm implement subject to § 39-14-135; and

(H) Industrial equipment operated by means of mechanical power upon which a person or property may be transported.

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Cite this article: FindLaw.com - Tennessee Code Title 47. Commercial Instruments and Transactions § 47-50-113 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-47-commercial-instruments-and-transactions/tn-code-sect-47-50-113/

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