Tennessee Public Obligations Registration Act

The act governs the issuance of public obligations — the debt instruments of governmental issuers — and the systems through which ownership of those obligations is registered and recorded. It authorizes issuers to bring such obligations into being and establishes the administrative machinery surrounding them: the appointment and role of registration agents and paying agents, the ownership records and books that must be maintained, requirements for signatures and seals, notice of redemption, and the payment of interest. It also limits disclosure of a registered owner's identity and supplies rules of construction governing how its provisions are to be read.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.