Tennessee § 45-4-1210 Supervision by commissioner of financial institutions - Fee

Tennessee Statutes

§ 45-4-1210 — Supervision by commissioner of financial institutions - Fee

Tennessee § 45-4-1210

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This text of Tennessee § 45-4-1210 (Supervision by commissioner of financial institutions - Fee) 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. § 45-4-1210 (2026).

Text

(a)The corporation is declared to be performing the functions of a credit union and shall be subject to exclusive supervision and an annual examination by the commissioner of financial institutions.

(b)The corporation shall pay an annual supervision fee equal in amount to one-half (½) of the fee calculated to be due in accordance with § 45-4-1002(c) from a noncorporate credit union having assets equal in amount to the corporation.

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(a) The corporation is declared to be performing the functions of a credit union and shall be subject to exclusive supervision and an annual examination by the commissioner of financial institutions. (b) The corporation shall pay an annual supervision fee equal in amount to one-half (½) of the fee calculated to be due in accordance with § 45-4-1002(c) from a noncorporate credit union having assets equal in amount to the corporation.