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Can you summarize 29 TNCO Chapter 19?
Remedies and Special Proceedings > Gambling Contracts
Short Summary
The provided legal document content, found in the Tennessee Code under Remedies and Special Proceedings, pertains to the recovery of money or property lost in gambling contracts. It states that any contract based on a gambling or wagering consideration is void to the extent of such consideration. The document provides definitions for terms such as ‘gaming,’ ‘wager,’ and ’lottery,’ and declares gaming contracts, whether verbal or written, as illegal and void. It also discusses the illegality of loans made in connection with gaming transactions and the treatment of insurance policies as gambling contracts. The document establishes that no money or property won through gambling can be recovered through legal action. It mentions various scenarios, such as the loser regaining possession of the property within 90 days or giving a note to recapture the gaming money, and states that the price agreed to be paid for the purchase of a note given for a gaming debt is not recoverable through legal action. It further mentions that a new security taken in lieu of another security void for gaming is equally invalid, except in the hands of a bona fide holder. The document also outlines the actions that creditors of a losing party can take to recover the amount of money or property lost in a gambling contract, including garnishment or legal action. It highlights the rights of creditors against conveyances made by the loser to the winner, allowing them to set aside such conveyances and subject the land to the payment of their debts. The document provides cross-references to related legal resources and cites various cases and legal references related to the prohibition on recovering gambling winnings through legal action. Overall, the document establishes the principle that actions to recover gambling winnings are barred by law.
Whom does it apply to?
Any person who has lost money or property in a gambling transaction
What does it govern?
Recovery of money or property lost in gambling contracts
What are exemptions?
No specific exemptions are mentioned in this document.
What are the Penalties?
No specific penalties are mentioned in this document.
Jurisdiction
Tennessee