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Current as of January 02, 2024 | Updated by Findlaw Staff
(a) The state's property interest in the megasite is not subject to a lien recorded pursuant to title 66, chapter 11.
(b) A lease between the authority and a third-party lessee for land within the megasite must provide that, in the event that a lien is filed against the third-party lessee's leasehold interest pursuant to title 66, chapter 11, the third-party lessee must record a bond in accordance with § 66-11-142 no later than thirty (30) days after the earlier of the date the third-party lessee receives notice of the claim of lien or the date the lien is recorded.
(c) Notwithstanding any other law to the contrary, a third-party lessee is not an agent of the authority or this state for purposes of § 66-11-102(d).
(d) Notwithstanding any other law to the contrary, the authority and a third-party lessee are not required to comply with § 66-11-142 for construction activities undertaken by the third-party lessee pursuant to a lease between the authority and the third-party lessee.
Cite this article: FindLaw.com - Tennessee Code Title 64. Regional Authorities § 64-9-110 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-64-regional-authorities/tn-code-sect-64-9-110/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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