{"data":{"id":"us-tn/tenn.-code-ann.-56-3-902","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 56-3-902","heading":"Part definitions","body":"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. Amended by 2024 Tenn. Acts, ch. 494,s 11, eff. 2/21/2024. Acts 2012 , ch. 680, § 4.\nAs used in this part:\n(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;\n(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.;\nn 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.;\n(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\n(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.;\n(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;\n(2) \"Commissioner\" means the commissioner of commerce and insurance;\n(3) \"Custodian\" means a national bank, state bank, federal home loan bank, trust company or broker/dealer that participates in a clearing corporation; and\n(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.","path":["TN Code","Title 56","Chapter 3"],"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":"f9a75c78a80c1cea35837e7d19fc67bc8f04a1f5b395c6ecddb16c25fef1d51f","source_id":"us-tn","stale":false,"prev":"us-tn/tenn.-code-ann.-56-3-901","next":"us-tn/tenn.-code-ann.-56-3-903"},"notice":"GroundRules: Original legal text. Not legal advice."}