Tennessee Code 47-8-501 – Securities account – Acquisition of security entitlement from securities intermediary
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Terms Used In Tennessee Code 47-8-501
- 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.
- Person: includes a corporation, firm, company or association. See Tennessee Code 1-3-105