§ 47-8-501 Securities account – Acquisition of security entitlement from securities intermediary
§ 47-8-502 Assertion of adverse claim against entitlement holder
§ 47-8-503 Property interest of entitlement holder in financial asset held by securities intermediary
§ 47-8-504 Duty of securities intermediary to maintain financial asset
§ 47-8-505 Duty of securities intermediary with respect to payments and distributions
§ 47-8-506 Duty of securities intermediary to exercise rights as directed by entitlement holder
§ 47-8-507 Duty of securities intermediary to comply with entitlement order
§ 47-8-508 Duty of securities intermediary to change entitlement holder’s position to other form of security holding
§ 47-8-509 Specification of duties of securities intermediary by other statute or regulation – Manner of performance of duties of securities intermediary and exercise of rights of entitlement holder
§ 47-8-510 Rights of purchaser of security entitlement from entitlement holder
§ 47-8-511 Priority among security interests and entitlement holders
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Terms Used In Tennessee Code > Title 47 > Chapter 8 > Part 5 - Security Entitlements

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
  • Property: includes both personal and real property. See Tennessee Code 1-3-105
  • Statute: A law passed by a legislature.
  • Trustee: A person or institution holding and administering property in trust.