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Current as of January 02, 2024 | Updated by Findlaw Staff
For purposes of this chapter, a person engages in investment activities in Iran if:
(1) The person provides goods or services of twenty million dollars ($20,000,000) or more in the energy sector of Iran, including a person that provides oil or liquefied natural gas tankers, or products used to construct or maintain pipelines used to transport oil or liquefied natural gas, for the energy sector of Iran; or
(2) The person is a financial institution that extends twenty million dollars ($20,000,000) or more in credit to another person, for forty-five (45) days or more, if that person will use the credit to provide goods or services in the energy sector in Iran and is identified on a list, created pursuant to § 12-12-106, as a person engaging in investment activities in Iran as described in this section.
Cite this article: FindLaw.com - Tennessee Code Title 12. Public Property, Printing and Contracts § 12-12-105 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-12-public-property-printing-and-contracts/tn-code-sect-12-12-105/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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