{"data":{"id":"us-tn/tenn.-code-ann.-47-9-618","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 47-9-618","heading":"Rights and duties of certain secondary obligors","body":"(a) Rights and duties of secondary obligor. A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor: (1) receives an assignment of a secured obligation from the secured party; (2) receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or (3) is subrogated to the rights of a secured party with respect to collateral. (b) Effect of assignment, transfer, or subrogation. An assignment, transfer, or subrogation described in subsection (a): (1) is not a disposition of collateral under § 47-9-610 ; and (2) relieves the secured party of further duties under this chapter. Acts 2000, ch. 846, § 1.\n(a) Rights and duties of secondary obligor. A secondary obligor acquires the rights and becomes obligated to perform the duties of the secured party after the secondary obligor: (1) receives an assignment of a secured obligation from the secured party; (2) receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or (3) is subrogated to the rights of a secured party with respect to collateral.\n(1) receives an assignment of a secured obligation from the secured party;\n(2) receives a transfer of collateral from the secured party and agrees to accept the rights and assume the duties of the secured party; or\n(3) is subrogated to the rights of a secured party with respect to collateral.\n(b) Effect of assignment, transfer, or subrogation. An assignment, transfer, or subrogation described in subsection (a): (1) is not a disposition of collateral under § 47-9-610 ; and (2) relieves the secured party of further duties under this chapter.\n(1) is not a disposition of collateral under § 47-9-610 ; and\n(2) relieves the secured party of further duties under this chapter.","path":["TN Code","Title 47","Chapter 9"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"b71ac85e23ce836e7933234508ff56773ea0d39e24456ae4f493cd99c0e7eb4f","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-47-9-617","next":"us-tn/tenn.-code-ann.-47-9-619"},"notice":"GroundRules: Original legal text. Not legal advice."}