There is a newer version
of
this Section
2020 Tennessee Code
Title 66 - Property
Chapter 27 - Multiple Ownership of Property
Part 3 - Tennessee Condominium Act of 2008 — Units and Allocation of Common and Limited Elements
§ 66-27-319. Rights of Secured Lenders
Universal Citation: TN Code § 66-27-319 (2020)
The declaration may require that all or a specified number or percentage of the mortgagees or beneficiaries of deeds of trust encumbering the units approve specified actions of the unit owners or the association as a condition to the effectiveness of those actions, but no requirement for approval may operate to deny or delegate control over the general administrative affairs of the association by the unit owners or the board of directors, or prevent the association or the board of directors from commencing, intervening in, or settling any litigation or proceeding, or receiving and distributing any insurance proceeds except pursuant to §66-27-413.
Disclaimer: These codes may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
