{"data":{"id":"us-tn/tenn.-code-ann.-47-8-116","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 47-8-116","heading":"Securities intermediary as purchaser for value","body":"A securities intermediary that receives a financial asset and establishes a security entitlement to the financial asset in favor of an entitlement holder is a purchaser for value of the financial asset. A securities intermediary that acquires a security entitlement to a financial asset from another securities intermediary acquires the security entitlement for value if the securities intermediary acquiring the security entitlement establishes a security entitlement to the financial asset in favor of an entitlement holder.","path":["TN Code","Title 47","Chapter 8"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_tn_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:26Z","sha256":"5ae3efe65b784bb6ea17961d521384aab2a44a7849f70ea4279690b1fb5ac14e","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-47-8-115","next":"us-tn/tenn.-code-ann.-47-8-201"},"notice":"GroundRules: Original legal text. Not legal advice."}