Tennessee Statutes
§ 47-25-1218 — Deposit in lieu of bond
Tennessee·Title 47
In lieu of furnishing the bond required by § 47-25-1217 , the invention developer may deposit with the secretary of state a cash deposit in the like amount. This cash deposit may be satisfied by any of the following:
(1)Certificates of deposit payable to the secretary of state issued by banks doing business in this state and insured by the federal deposit insurance corporation;
(2)Investment certificates of share accounts assigned to the secretary of state and issued by a savings and loan association doing business in this state and insured by the federal deposit insurance corporation;
(3)Bearer bonds issued by the United States government or by this state; or (4) Cash deposited with the secretary of state.
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Legislative History
Acts 1977, ch. 436, § 22; T.C.A., § 47-20-118.
Nearby Sections
15
§ 47-1-101
Short title§ 47-1-102
Scope of chapter§ 47-1-104
Construction against implied repeal§ 47-1-105
Severability§ 47-1-106
Use of singular and plural - Gender§ 47-1-201
General definitions§ 47-1-202
Notice - Knowledge§ 47-1-204
Value§ 47-1-205
Reasonable time - Seasonableness§ 47-1-206
Presumptions§ 47-1-302
Variation by agreement