Legal Opinion
Wakefield v. Crawley
Tennessee Supreme Court
Decided November 1, 1999PublishedCited by 27 opinions
1Opinion of the Court
OPINION
DROWOTA, J.
We granted this appeal to determine whether stock in a closely-held corporation is a “security,” as defined by Tenn.Code Ann. § 47-8-102 (1992 Repl. & Supp. 1998), 1 so that Chapter 8 of the Uniform Commercial Code (UCC) governs its sale or transfer. In Blasingame v. American Materials, Inc., 654 S.W.2d 659, 664 (Tenn.1983), we concluded that closely-held stock was not a security within the meaning of Chapter 8 of the UCC. Because we have determined that the Official Comments of the 1977 version of the UCC, adopted by the Tennessee General Assembly in 1986, as well as the…
2Cases cited45 opinions
- Ridings v. Ralph M. Parsons Co.Tennessee Supreme Court · 1996
- Jordan v. Baptist Three Rivers HospitalTennessee Supreme Court · 1999
- Beare Co. v. Tennessee Department of RevenueTennessee Supreme Court · 1993
- Kiely v. St. GermainSupreme Court of Colorado · 1983
- Continental Bankers Life Insurance Co. of the South v. Bank of AlamoTennessee Supreme Court · 1979
40 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Pero's Steak and Spaghetti House v. LeeTennessee Supreme Court · 2002
- Stewart v. StateTennessee Supreme Court · 2000
- Lipscomb v. DoeTennessee Supreme Court · 2000
- Mayhew v. WilderCourt of Appeals of Tennessee · 2001
- City of Chattanooga v. DavisTennessee Supreme Court · 2001
22 more not listed; retrieve them via the Exa API.