Tennessee Statutes
§ 45-4-611 — Purchase of participation interest by state-chartered credit unions
Tennessee § 45-4-611
JurisdictionTennessee
Title45
This text of Tennessee § 45-4-611 (Purchase of participation interest by state-chartered credit unions) 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. § 45-4-611 (2026).
Text
Notwithstanding another law to the contrary, a credit union with a state charter may purchase a participation interest in a loan from a bank, another credit union, or another eligible organization as provided in 12 CFR 701.22 , without requiring membership of the borrower of the loan.
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Related
§ 701.22
12 C.F.R. § 701.22
Legislative History
Added by 2024 Tenn. Acts, ch. 803,s 1, eff. 7/1/2024.
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 § 45-4-611, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/45-4-611.