Tennessee Statutes
§ 45-2-620 — Acceptance of deposits or placement in federally insured institutions - Deposits by state or other governmental entities
Tennessee·Title 45
(a)A state or national bank or savings institution or savings bank may accept funds for deposit or placement in federally insured institutions, within or without the state; provided, that the bank has entered into a deposit agreement or deposit placement agreement with the depositor.
(b)The depository may also enter into a custodial agreement with the customer to maintain any certificate of deposit or other evidences of the deposits so received or placed. Depositors for these purposes shall include the state or any governmental entity.
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Tennessee § 45-2-620 (Acceptance of deposits or placement in federally insured institutions - Deposits by state or other governmental entities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 2005, ch. 432, § 3.
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 duties