Uniform Commercial Code - As introduced, changes, from the local law of the securities intermediary's jurisdiction to the law of this state, the law governing certain aspects of an investment security transaction; makes other related changes. - Amends TCA Title 47.

HB 2611 modifies Tennessee's Uniform Commercial Code to change which state law governs certain securities transactions. It replaces the current rule requiring application of the "local law of the securities intermediary's jurisdiction" with Tennessee law for transactions involving investment securities. Key changes include removing specific subsections, clarifying priority rules (so investors' claims get priority over creditors if funds are insufficient), and adjusting provisions for commodity contracts. This bill directly affects financial institutions and investors handling securities transactions within Tennessee, effective July 1, 2026.