TN HB2611

Amends Tennessee's Uniform Commercial Code (Title 47) to apply Tennessee state law instead of a securities intermediary's local jurisdiction law for certain investment security matters

Establishes that when a securities intermediary lacks sufficient financial assets to satisfy both entitlement holders and creditors with security interests, entitlement holders receive priority over creditors

Clarifies that local law of a commodity intermediary's jurisdiction governs perfection and priority of security interests in commodity contracts and accounts

Effective date: July 1, 2026