40-33-202 - Part definitions. - Tennessee Statutes

40-33-202. Part definitions.

As used in this part, unless the context otherwise requires:

     (1)  “Applicable agency” means the agency, board, commission or department charged by law or permitted by agreement with conducting the forfeiture proceeding for the particular property seized; and

     (2)  “Secured party” means the holder of a security interest in the seized property acquired in the ordinary course of business within the meaning of § 47-9-102(a) and shall include a recourse party under the terms of a financing agreement.

[Acts 1994, ch. 925, § 1; 2000, ch. 846, § 27.]