Tennessee Statutes
§ 45-5-605 — Issuance of thrift certificates
Tennessee·Title 45
An industrial bank shall not issue thrift certificates until and unless:
(1)It is qualified for federal deposit insurance and its thrift certificates are insured by the federal deposit insurance corporation;
(2)It has filed the forms, documents and receipts to be used by it in the offering and sale of the thrift certificates with the commissioner; and (3) It has complied with all rules and orders of the commissioner governing the issuance of the thrift certificates by it.
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Legislative History
Acts 1983, ch. 274, § 20.
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 duties