Tennessee Statutes
§ 45-3-805 — Charging off or setting up reserves against bad assets
Tennessee § 45-3-805
JurisdictionTennessee
Title45
This text of Tennessee § 45-3-805 (Charging off or setting up reserves against bad 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. § 45-3-805 (2026).
Text
The commissioner, after a determination of value, may order that assets, individually or in the aggregate, to the extent that the assets are overvalued on an association's books, be charged off, or that a special reserve or reserves equal to the overvaluation be set up by transfers from surplus, undivided profits or reserves.
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Legislative History
Acts 1978, ch. 708, § 3.05; T.C.A., § 45-1512.
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 § 45-3-805, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/45-3-805.