2014 Tennessee Code
Title 47 - Commercial Instruments And Transactions
Chapter 16 - Tennessee Litigation Financing Consumer Protection Act
§ 47-16-109 - Contingent right to proceeds from legal claim assignable -- Priority of liens or rights in proceeds.
(a) The contingent right to receive an amount of the potential proceeds of a legal claim may be assigned by a consumer and that assignment is valid for the purposes of obtaining litigation financing from a litigation financier.
(b) Any lien, subrogation interest or right of reimbursement against the consumer's legal claim shall take priority over any lien, subrogation interest or right of reimbursement of the litigation financier.
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