Terms Used In Tennessee Code 9-3-601

• Blockchain: means a decentralized data system in which the data stored is mathematically verifiable that uses distributed ledger technology, as defined in §. See Tennessee Code 9-3-602
• 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.
• Cryptocurrency: means a virtual currency that utilizes cryptography to validate and secure transactions that are digitally recorded through distributed ledger technology. See Tennessee Code 9-3-602
• Governmental entity: means a local governmental entity, including, but not limited to, a municipality, metropolitan government, county, utility district, school district, public building authority, and development district created and existing pursuant to the laws of this state, or an instrumentality of government created by one (1) or more of the named local governmental entities or by an act of the general assembly. See Tennessee Code 9-3-602
• Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105
• Virtual currency: means a digital representation of value that functions as a medium of exchange, a unit of discount, or a store of value, but does not have legal tender status in the United States. See Tennessee Code 9-3-602
• written: includes printing, typewriting, engraving, lithography, and any other mode of representing words and letters. See Tennessee Code 1-3-105