Tenn. Code Ann. § 68-215-202: Ownership of petroleum site or petroleum underground storage tank or property on which a petroleum site or petroleum underground storage tank is located

A holder is not an "owner" of a petroleum site or a petroleum underground storage tank or UST system, for purposes of compliance with the underground storage tank technical standards, corrective action requirements and financial responsibility requirements; provided, that party does not participate in the management of the petroleum underground storage tank as defined in this part and does not engage in petroleum production, refining and marketing.