Amends Tennessee Code Annotated, Title 47, to add a new Chapter 6: Controllable Electronic Records.
This bill amends Tennessee Code Annotated, Title 47, by adding a new Chapter 6: Controllable Electronic Records. It defines "controllable electronic record" and outlines the rights and duties of parties involved in transactions involving such records. The bill also specifies the governing law for matters related to controllable electronic records, the effect of perfection or nonperfection, and the priority of security interests.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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