Tennessee Statutes

§ 48-101-114 — Obligations of corporation are legal investments for members

Tennessee § 48-101-114

This text of Tennessee § 48-101-114 (Obligations of corporation are legal investments for 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. § 48-101-114 (2026).

Text

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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Legislative History

Acts 1959, ch. 170, § 7; T.C.A., §§ 48-1714, 48-3-114.

Nearby Sections

15
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Bluebook (online)
Tennessee § 48-101-114, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/48-101-114.