Amends TCA Title 47.
Tennessee SB2214 amends Title 47 of the Tennessee Code Annotated by changing the governing law for certain aspects of investment security transactions from the local law of the securities intermediary's jurisdiction to Tennessee law. This bill affects securities intermediaries and transactions involving investment securities within the state. Key provisions include the establishment of Tennessee law as the governing framework for these transactions, along with related changes to ensure consistency with this new legal standard.
Tennessee SB2214 amends Title 47 of the Tennessee Code Annotated by changing the governing law for certain aspects of investment security transactions from the local law of the securities intermediary's jurisdiction to Tennessee law. This bill affects securities intermediaries and transactions involving investment securities within the state. Key provisions include the establishment of Tennessee law as the governing framework for these transactions, along with related changes to ensure consistency with this new legal standard.
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