Tenn. Code Ann. § 47-25-1218: Deposit in lieu of bond

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.