29-30-108 - Additional relief Prerequisites to deficiency judgment. - Tennessee Statutes

29-30-108. Additional relief Prerequisites to deficiency judgment.

(a)  In an action to recover personal property, in addition to the recovery of the property, the plaintiff may proceed to recover the balance due on the debt or the plaintiff may, in addition to recovering the personal property, obtain a judgment against the defendant for any debt or other claim arising out of the same transaction or set of circumstances, or the plaintiff may proceed solely for recovery of the personal property with the right to seek a judgment for additional relief in a subsequent action.

(b)  No deficiency judgment shall be obtained by the plaintiff or plaintiffs until plaintiff or plaintiffs shall have complied with all requirements of the Uniform Commercial Code applicable thereto.

[Acts 1973, ch. 365, § 8; T.C.A., § 23-2348.]