Tennessee § 45-4-1001 Supervision of credit unions - Financial report - Failure to file - Promulgation of rules and regulations

Tennessee Statutes

§ 45-4-1001 — Supervision of credit unions - Financial report - Failure to file - Promulgation of rules and regulations

Tennessee § 45-4-1001

Title45

This text of Tennessee § 45-4-1001 (Supervision of credit unions - Financial report - Failure to file - Promulgation of rules and regulations) 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. § 45-4-1001 (2026).

Text

(a)Credit unions shall be subject to the supervision of the commissioner and shall make a report of conditions to the commissioner at least semiannually, on blank forms to be supplied by the commissioner, on the dates of the second and fifth calls made to national banks, notice of which calls shall be sent out by the commissioner; returns shall be verified under oath of the president and treasurer, and additional reports may be required by the commissioner. Any credit union that neglects to make the reports shall forfeit to the state treasury fifty dollars ($50.00) for each day of neglect unless excused.

(b)The commissioner may promulgate rules for the implementation of the credit union laws of this state and the sound operation of state chartered credit unions pursuant to the Uniform Ad

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(a) Credit unions shall be subject to the supervision of the commissioner and shall make a report of conditions to the commissioner at least semiannually, on blank forms to be supplied by the commissioner, on the dates of the second and fifth calls made to national banks, notice of which calls shall be sent out by the commissioner; returns shall be verified under oath of the president and treasurer, and additional reports may be required by the commissioner. Any credit union that neglects to make the reports shall forfeit to the state treasury fifty dollars ($50.00) for each day of neglect unless excused. (b) The commissioner may promulgate rules for the implementation of the credit union laws of this state and the sound operation of state chartered credit unions pursuant to the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.

Legislative History

Acts 1923, ch. 68, § 8; Shan. Supp., § 2198a11; Code 1932, § 3839; Acts 1973, ch. 294, § 6; 1977, ch. 117, § 1; T.C.A. (orig. ed.), § 45-1808; Acts 1985, ch. 17, § 9; 1986, ch. 558, § 5.