Tennessee Statutes
§ 45-4-502 — Credit union may borrow
Tennessee § 45-4-502
JurisdictionTennessee
Title45
This text of Tennessee § 45-4-502 (Credit union may borrow) 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. § 45-4-502 (2026).
Text
(a)A credit union has the power to borrow from any source, but the total of borrowing shall at no time exceed fifty percent (50%) of the member accounts and surplus of the borrowing credit union.
(b)A central credit union, as defined in § 45-4-101 , has the power to borrow from any source, and is not subject to the limitations of subsection (a).
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Legislative History
Acts 1923, ch. 68, § 18; Shan. Supp., § 2198a25; Code 1932, § 3852; Acts 1978, ch. 552, § 5; T.C.A. (orig. ed.), § 45-1823; Acts 1982, ch. 722, § 1.
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 § 45-4-502, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/45-4-502.