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Tennessee Securities Law Questions & Answers

1 Answer | Asked in Securities Law for Tennessee on

Q: What is the age of custodianship termination in TN

I have a ROTH IRA for my minor son and I don’t know what age to put for the custodianship termination.

Anthony M. Avery answered on Apr 1, 2019

You can specify almost any age up to 59 1/2. However most Grantors would end Custodianship and begin withdrawals when the Beneficiary reaches 21, or sometimes later such as 30, 35. It is your decision.

1 Answer | Asked in Personal Injury and Securities Law for Tennessee on

Q: Why does a suit that was filed in state court go to Federal court? On a slip and fall, if your witness is the asst

Manager of the store where you had the slip and fall, is that a good thing? He states store was understaffed, therefore, the isles couldn't be checked like they should have, liauod tide was cover the whole isle. They offered 1 million. My attorney thinks it was a misprint? Lord, if I won in Fed... Read more »

Jedidiah "Jed" McKeehan answered on Aug 26, 2018

If you have sued for over $75,000.00, and the entity you have sued has a home office location in another state, that combination of factors is the most likely reason that the case was removed to federal court.

1 Answer | Asked in Business Law, Contracts, Securities Law and Criminal Law for Tennessee on

Q: If a person commits the crime of "hindering a secured creditor" but the value is greater than $999.

Code 39-14-116 says value only to $999.but I was "robbed" of property MUCH greater than that. What law applies?

Leonard Robert Grefseng answered on Jul 11, 2017

Sorry, but your question is unclear- hindering a secured creditor is a class "E" felony. Some theft offenses are graded according to the value - in some situations under $500 or $1,000 could be a misdemeanor. However, this code section says its a felony. If you have not already done so, report the... Read more »

2 Answers | Asked in Business Formation, Business Law and Securities Law for Tennessee on

Q: Where can I find case law regarding the role of the Board of Directors under the Sarbanes Oxley Act?

In particular, director liability, liability of the boards, and violations of compliance. I am writing a research paper for Business Law.

Bennett James Wills answered on Nov 30, 2016

Google Scholar is a good free resource. You could also go to a library at a local law school like UT, Belmont, or Vandy depending on where you are located. Those are probably the best resources.

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Q: Can i get a general dismissal release thrown out he lied to get me to sign it. based on what the car lot owner said?

He said he fixed it. He made it a worse problem and now I had no headlights. But he gave it back an I payed truck note an insurance by friday night. Court was Thursday. He repoed it Saturday stating it was him exercising his right not to sell it to me. I havent been able work lost jobs an now... Read more »

Peter N. Munsing answered on Jun 29, 2016

Not sure what is going on here and who the person is. Suggest you contact a consumer attorney go to www.naca.net

However they won't be able to do anyhing for your financial situation immediately so you need to develop a plan to meet your needs to get to work, etc.

1 Answer | Asked in Securities Law for Tennessee on

Q: What is a security bond?

Adam Studnicki answered on Jul 21, 2015

It depends on the context. A bond may be issued by a bonding company for security against certain risks.

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