Amends Tennessee Code Annotated, Title 47, relative to the Uniform Commercial Code.
This bill amends Tennessee Code Annotated, Title 47, relative to the Uniform Commercial Code. It redefines terms such as "Sign," "Signed," "signing," and "signature." It also modifies provisions related to "Electronic," "General intangible," and "Controllable electronic records." The bill updates definitions and rules regarding control, possession, and perfection of security interests in various types of collateral, including accounts, electronic records, and payment intangibles.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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