Tennessee § 12-12-103 - Chapter definitions.

§ 12-12-103. Chapter definitions.

As used in this chapter: “Energy sector of Iran” means activities to develop petroleum or natural gas resources or nuclear power in Iran; “Financial institution” means the term as used in Section 14 of the Iran and Libya Sanctions Act of 1996 (Public Law 104 - 172; 50 U.S.C. § 1701 note); “Investment” means a commitment or contribution of funds or property, whatever the source, a loan or other extension of credit, and the entry into or renewal of a contract for goods or services. “Investment” does not include indirect beneficial ownership through index funds, commingled funds, limited partnerships, derivative instruments, or the like; “Iran” includes the government of Iran and any agency or instrumentality of Iran; “Person” means any of the following: A natural person, corporation, company, limited liability company, business association, partnership, society, trust, or any other nongovernmental entity, organization, or group; Any governmental entity or instrumentality of a government, including a multilateral development institution, as defined in Section 1701(c)(3) of the International Financial Institutions Act (22 U.S.C. § 262r(c)(3)); or Any successor, subunit, parent entity, or subsidiary of, or any entity under common ownership or control with, any entity described in subdivisions (5)(A) and (B); and “State agency” means each state board, commission, department, executive department or office, institution, and instrumentality. Acts 2016, ch. 817, § 1. Compiler's Notes. Acts 2016, ch. 817, § 2 provided that the secretary of state, in consultation with the attorney general and reporter, shall submit to the attorney general of the United States a written notice describing the act, which enacted this chapter, within thirty (30) days after July 1, 2016.