Tennessee Statutes
§ 48-101-114 — Obligations of corporation are legal investments for members
Tennessee·Title 48
Notwithstanding any other law, general or special, the notes or other interest-bearing obligations of such corporation, issued in accordance with and by virtue of this part and the bylaws of such corporation, shall be legal investments for the banking, insurance, and surety organizations which become members of such corporation, up to but in no event exceeding the loan limits established herein.
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Tennessee § 48-101-114 (Obligations of corporation are legal investments for members) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Acts 1959, ch. 170, § 7; T.C.A., §§ 48-1714, 48-3-114.
Nearby Sections
15
§ 48-1-101
Short title§ 48-1-102
Part definitions§ 48-1-103
Exemptions§ 48-1-105
Registration by coordination§ 48-1-106
Registration by qualification§ 48-1-109
Registration as broker-dealers, agents, investment advisers, and investment adviser representatives§ 48-1-111
Records and reports - Examinations§ 48-1-115
Administration