Tennessee Statutes
§ 45-3-1302 — Receipt of deposits while in an impaired condition
Tennessee·Title 45
(a)It is unlawful for an association, directly or indirectly, to receive any deposit while in an impaired condition, except with the express written consent of the commissioner, or for an officer, director, agent, or employee of an association who knows, or in the proper performance of the person's duties should know, of the impaired condition, directly or indirectly, to receive or authorize the receipt of the deposits.
(b)A violation of this section is a Class B misdemeanor.
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Tennessee § 45-3-1302 (Receipt of deposits while in an impaired condition) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1978, ch. 708, § 5.06; T.C.A., § 45-1706; Acts 1989, ch. 591, § 112.
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