67-5-2208 - Termination of receivership. - Tennessee Statutes

67-5-2208. Termination of receivership.

(a)  The receivership may be discontinued at any time by order of the court in which the receivership is pending, and the receivership shall be terminated when all taxes due parties to the tax suit have been paid by the receiver, by the owner of the receivership property, or in any other manner.

(b)  Where a receivership is secured for a number of parcels of land belonging to the same owner, the receivership of all parcels may be continued until the taxes on all such parcels have been paid.

[Acts 1941, ch. 19, § 6; C. Supp. 1950, § 1789.12 (Williams, § 1789.6); T.C.A. (orig. ed.), § 67-1908.]