Tennessee Statutes

§ 45-4-608 — Loans to directors and committee members

Tennessee § 45-4-608

This text of Tennessee § 45-4-608 (Loans to directors and committee members) 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. § 45-4-608 (2026).

Text

Subject to the limitations on loans contained in § 45-4-203 and as specified in written loan policies established by the board of directors, a director or member of the credit or supervisory committee shall be allowed to borrow from the corporation.

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Legislative History

Acts 1923, ch. 68, § 19; Shan. Supp., § 2198a26; Code 1932, § 3853; Acts 1937, ch. 264, § 9; C. Supp. 1950, § 3853; Acts 1963, ch. 30, § 5; 1970, ch. 409, § 3; 1975, ch. 225, § 1; 1978, ch. 552, § 4; 1979, ch. 86, § 8; T.C.A. (orig. ed.), § 45-1821; Acts 1982, ch. 722, § 4.

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Bluebook (online)
Tennessee § 45-4-608, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/45-4-608.