2010 Tennessee Code
Title 67 - Taxes And Licenses
Chapter 5 - Property Taxes
Part 13 - Classification and AssessmentUtilities and Carriers
67-5-1333 - Distress warrant Sale for delinquency.

67-5-1333. Distress warrant Sale for delinquency.

(a)  The taxes so assessed both on the distributable and localized property of such companies on behalf of the state shall be collected by the comptroller of the treasury and paid into the state treasury as soon as received by the comptroller. If the same shall become delinquent, the comptroller shall issue distress warrants against the owner of any such property to any sheriff whose duty it shall be to collect the same and make a return thereof within thirty (30) days.

(b)  If the taxes shall not be collected by the sheriff, it shall be the duty of the comptroller of the treasury to advertise such property for a period of thirty (30) days by weekly publication in a newspaper published in the city of Nashville, and at the expiration of such time sell, at the courthouse door, such property for cash, free from the equity of redemption, and execute to the purchaser or purchasers a deed or deeds to the property so sold; and after reserving the expenses of such sale and the taxes, together with six percent (6%) interest from the time the same became delinquent, hold the remainder subject to the order of the owner of such property so sold.

[Acts 1973, ch. 226, § 11; T.C.A., § 67-937; Acts 1995, ch. 305, § 125.]