Tennessee Statutes
§ 45-2-806 — Depositories of public funds exempt from security requirements to extent of deposit insurance
Tennessee·Title 45
Notwithstanding any provisions of the existing laws of this state that may require security for the deposit of the public funds of the state or of any political subdivision of the state or of any municipality created under the laws of the state, in the form of a surety bond, deposit of collateral or otherwise, hereafter no bank receiving the deposits shall be required to furnish any security for the deposits, to the extent that the deposits are now insured under § 8 of the Banking Act of 1933 ( 12 U.S.C. §§ 1811 et seq.).
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Tennessee § 45-2-806 (Depositories of public funds exempt from security requirements to extent of deposit insurance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 1811
12 U.S.C. § 1811
Legislative History
Acts 1969, ch. 36, § 1 (3.322); T.C.A., § 45-506.
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