Tennessee Statutes
§ 45-3-403 — Right to act to avoid loss
Tennessee·Title 45
Nothing in this chapter or in the laws of this state shall be construed as denying to an association the right to invest its funds, operate its business, manage or deal in property, or take any other action over whatever period of time as may reasonably be necessary to avoid loss on a loan or investment theretofore made or an obligation created in good faith.
Free access — add to your briefcase to read the full text and ask questions with AI
Tennessee § 45-3-403 (Right to act to avoid loss) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1978, ch. 708, § 2.32; T.C.A., § 45-1432.
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