Tennessee § 47-25-1218 Deposit in lieu of bond

Tennessee Statutes

§ 47-25-1218 — Deposit in lieu of bond

Tennessee § 47-25-1218

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This text of Tennessee § 47-25-1218 (Deposit in lieu of bond) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 47-25-1218 (2026).

Text

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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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.