Tennessee Code Annotated
Tenn. Code Ann. § 30-3-110 (2026)
Termination of receivership
✓ current as of May 2026
Upon the entry of any final finding and decree as provided in § 30-3-108, the court shall proceed to wind up the receivership and terminate the proceedings:
- (1) In the case of a finding under subsections (a) or (c) of § 30-3-108, that the absentee is dead:
- (A) By satisfying all outstanding debts and charges of the receivership; and
- (B) By then certifying the proceedings to the probate court; or
- (2) In the case of a finding under § 30-3-108(b):
- (A) By satisfying all outstanding debts and charges;
- (B) By then deducting for the insurance fund provided in § 30-3-113, a sum equal to twenty-five percent (25%) of the total value of the property remaining, including amounts paid to the receivership estate from policies of insurance on the absentee's life; and
- (C) By distributing the remaining property as provided in § 30-3-111; and
- (3) In both cases by requiring the receiver's account and upon its approval discharging the receiver and the receiver's bondsmen and entering a final decree terminating the receivership.
Acts 1941, ch. 102, § 8; C. Supp. 1950, § 8407.17; T.C.A. (orig. ed.), § 30-1810; Acts 2001, ch. 121, § 4.
Notes of Decisions
Cited in 1
case, 2003–2003 · leading case: March v. Levine, 115 S.W.3d 892 (Tenn. Ct. App. 2003).
March v. Levine, 115 S.W.3d 892 (Tenn. Ct. App. 2003). “ee's death, the court may make a final finding and decree that the absentee is dead, in which event the decree and a transcript of all the receivership proceedings shall be certified to the probate court for any administration required by law upon the estate of a decedent, and…”
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