Tennessee Statutes
§ 45-2-1019 — Pledge of assets
Tennessee § 45-2-1019
JurisdictionTennessee
Title45
This text of Tennessee § 45-2-1019 (Pledge of assets) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tenn. Code Ann. § 45-2-1019 (2026).
Text
(a)A state trust company may not pledge or create a lien on any of its assets except:
(1)To secure the repayment of money borrowed;
(2)As specifically authorized or required by § 45-2-611 ; or (3) By rules adopted under this chapter.
(b)An act, deed, conveyance, pledge, or contract in violation of this section is void.
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Legislative History
Acts 1999, ch. 112, § 10.
Nearby Sections
15
§ 45-1-101
Short title§ 45-1-103
General definitions§ 45-1-104
Department to execute laws§ 45-1-106
Salary of commissioner§ 45-1-107
Powers and duties of commissioner§ 45-1-109
Oaths of office§ 45-1-111
Limitation of personal liability§ 45-1-112
Official seal§ 45-1-113
Office facilities§ 45-1-116
Examiners - Employment and dutiesCite This Page — Counsel Stack
Bluebook (online)
Tennessee § 45-2-1019, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/45-2-1019.