Tennessee § 56-3-902 Part definitions

Tennessee Statutes

§ 56-3-902 — Part definitions

Tennessee § 56-3-902

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This text of Tennessee § 56-3-902 (Part definitions) 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. § 56-3-902 (2026).

Text

As used in this part:

(1)(A) "Clearing corporation" means:

(i)A corporation as defined in § 8-102(a) of the Uniform Commercial Code, codified in § 47-8-102(a) , as adopted by the Uniform Law Commission and the American Law Institute, as amended from time to time; and (ii) "Treasury/reserve automated debt entry securities system" and "treasury direct" book-entry securities systems established pursuant to 5 U.S.C. Part 301, 12 U.S.C. Part 391 and 31 U.S.C. § 3100 et seq.;

(B)With respect to securities issued by institutions organized or existing under the laws of any foreign country or securities used to meet the deposit requirements pursuant to the laws of a foreign country as a condition of doing business therein, "clearing corporation" also means a corporation which is organized or exi

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As used in this part: (1) (A) "Clearing corporation" means: (i) A corporation as defined in § 8-102(a) of the Uniform Commercial Code, codified in § 47-8-102(a) , as adopted by the Uniform Law Commission and the American Law Institute, as amended from time to time; and (ii) "Treasury/reserve automated debt entry securities system" and "treasury direct" book-entry securities systems established pursuant to 5 U.S.C. Part 301, 12 U.S.C. Part 391 and 31 U.S.C. § 3100 et seq.; (B) With respect to securities issued by institutions organized or existing under the laws of any foreign country or securities used to meet the deposit requirements pursuant to the laws of a foreign country as a condition of doing business therein, "clearing corporation" also means a corporation which is organized or existing under the laws of any foreign country and is legally qualified under such laws to effect transactions in securities by computerized book-entry; (2) "Commissioner" means the commissioner of commerce and insurance; (3) "Custodian" means a national bank, state bank, federal home loan bank, trust company or broker/dealer that participates in a clearing corporation; and (4) "Securities" means instruments as defined in § 8-102(a) of the Uniform Commercial Code, codified in § 47-8-102(a) , as adopted by the Uniform Law Commission and the American Law Institute, as amended from time to time.