Home/Tennessee/Statutes/Title: 9/§ 9-4-105
Tennessee Statutes

§ 9-4-105 — Required collateral

Tennessee·Title 9
"Required collateral" means collateral whose market value is equal to one hundred five percent (105%) of the value of the state deposit secured thereby, less so much of such amount as is protected by the federal deposit insurance corporation.

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Legislative History

Acts 1985, ch. 118, § 17; 1990, ch. 702, § 2.

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