A purchaser, with or without notice, of a crop subject to any of such liens shall be liable to the lienholder for the value of the crop, or any part of it, so purchased, not, however, to exceed the amount of rent due and/or supplies furnished and costs incurred in collecting same, if the crop, or part thereof, is delivered to or taken possession of by such purchaser before July 1 after the crop year; provided, the lienholder shall bring the action against the purchaser within one (1) year from the date of delivery to or possession taken by the latter.
Code 1858, § 3542 (deriv. Acts 1857-1858, ch. 52, § 3); Acts 1879, ch. 72; Shan., § 5302; Acts 1921, ch. 42, § 1; 1923, ch. 71, § 7; Shan. Supp., §§ 5299a7, 5302; mod. Code 1932, § 8023; T.C.A. (orig. ed.), § 64-1207.
Textbooks. Tennessee Jurisprudence, 1 Tenn. Juris., Agriculture, § 6; 13 Tenn. Juris., Factors and Commission Merchants, § 8; 18 Tenn. Juris., Liens, § 10.