{"data":{"id":"us-tn/tenn.-code-ann.-47-9-318","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 47-9-318","heading":"No interest retained in right to payment that is sold — Rights and title of seller of account or chattel paper with respect to creditors and purchasers.","body":"(a) Seller retains no interest. A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in the collateral sold.\n(b) Deemed rights of debtor if buyer's security interest unperfected. For purposes of determining the rights of creditors of, and purchasers for value of an account or chattel paper from, a debtor that has sold an account or chattel paper, while the buyer's security interest is unperfected, the debtor is deemed to have rights and title to the account or chattel paper identical to those the debtor sold.","path":["Title 47 Commercial Instruments And Transactions","Chapter 9 Secured Transactions","Part 3 Perfection and Priority","3. Priority"],"source_url":"https://archive.org/download/gov.tn.tca/release76.2021.05.21/gov.tn.tca.title.47.odt","current_through":"2021-05-21","vintage":"Tennessee Code Release 76 (2021-05), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended","retrieved_at":"2026-09-17T21:55:59Z","sha256":"00e671767beaf2f37a983d1177ab7bee0cb6b7b10865921956092b02515fdfb9","source_id":"us-tn","stale":true,"prev":"us-tn/tenn.-code-ann.-47-9-317","next":"us-tn/tenn.-code-ann.-47-9-319"},"notice":"GroundRules: Original legal text. Not legal advice."}