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Bill > SB0479


TN SB0479

TN SB0479
AN ACT to amend Tennessee Code Annotated, Title 47, relative to the uniform commercial code.


summary

Introduced
01/25/2023
In Committee
Crossed Over
03/21/2024
Passed
04/29/2024
Dead
Signed/Enacted/Adopted
05/07/2024

Introduced Session

113th General Assembly

Bill Summary

As enacted, clarifies that a "deposit account," for purposes of provisions regarding secured transactions in the Uniform Commercial Code, does not include a United States central bank digital currency. - Amends TCA Title 47.

AI Summary

This bill amends the Tennessee Code Annotated, Title 47, which relates to the Uniform Commercial Code. It clarifies that a "deposit account", for the purposes of secured transactions, does not include a United States central bank digital currency. This change provides legal clarity on the treatment of central bank digital currencies under the state's commercial code.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Effective date(s) 04/29/2024 (on 05/07/2024)

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