Tennessee Statutes
§ 45-8-103 — Purchase of companies' negotiable obligations by authorized companies
Tennessee·Title 45
Secured negotiable obligations of the small business investment companies and negotiable obligations endorsed with recourse by the companies when adequately secured shall be eligible for purchase by insurance companies, investment companies and industrial development corporations, by the board of trustees administering any employee or profit-sharing trust, by the board of trustees of eleemosynary institutions and corporations, and by trustees and other fiduciaries. The same degree of care shall be exercised in making purchases of the obligations by fiduciaries as is required in making investments under § 35-3-117 .
Free access — add to your briefcase to read the full text and ask questions with AI
Tennessee § 45-8-103 (Purchase of companies' negotiable obligations by authorized companies) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1959, ch. 22, § 3 (T.C.A. (Supp.), § 48-829); T.C.A., § 45-2503.
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