Tennessee Statutes
§ 45-4-604 — Priority of loans
Tennessee § 45-4-604
JurisdictionTennessee
Title45
This text of Tennessee § 45-4-604 (Priority of loans) 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. § 45-4-604 (2026).
Text
(a)The funds of credit unions shall be used first for loans to members.
(b)Funds of credit unions not required for loans to members may be invested as otherwise provided by law.
(c)If available funds do not permit all loans to be made that have been approved by the credit committee or loan officer, preference shall be given to the smaller loans that have been approved.
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Legislative History
Acts 1923, ch. 68, § 17; Shan. Supp., § 2198a24; Code 1932, § 3851; Acts 1951, ch. 192, § 2; 1976, ch. 525, § 2; 1979, ch. 207, § 1; T.C.A. (orig. ed.), § 45-1820.
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
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Bluebook (online)
Tennessee § 45-4-604, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/45-4-604.