Tenn. Code § 9-4-801

Current through Acts 2023-2024, ch. 1069

Section 9-4-801 - Part definitions

As used in this part:

(1) "Bullion" means precious metals that are formed into uniform shapes and quantities such as ingots, bars, or plates, with uniform content and purity, as are suitable for or customarily used in the purchase, sale, storage, transfer, and delivery of bulk or wholesale transactions in precious metals; and

(2) "Specie" means a precious metal stamped into coins of uniform shape, size, design, content, and purity, suitable for or customarily used as currency, as a medium of exchange, or as the medium for purchase, sale, storage, transfer, or delivery of precious metals in retail or wholesale transactions.

T.C.A. § 9-4-801

Added by 2023 Tenn. Acts, ch. 69, s 1, eff. 3/23/2023.