2021 Tennessee Code
Part 5 - Security Entitlements
§ 47-8-503. Property Interest of Entitlement Holder in Financial Asset Held by Securities Intermediary

The trustee or other liquidator, acting on behalf of all entitlement holders having security entitlements with respect to a particular financial asset, may recover the financial asset, or interest therein, from the purchaser. If the trustee or other liquidator elects not to pursue that right, an entitlement holder whose security entitlement remains unsatisfied has the right to recover its interest in the financial asset from the purchaser.