Tennessee Statutes

§ 9-4-405 — Interest on collateral

Tennessee § 9-4-405

JurisdictionTennessee

Title9

This text of Tennessee § 9-4-405 (Interest on collateral) 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. § 9-4-405 (2026).

Text

Prior to default, the state treasurer, county trustee or other public official charged with the deposit of public funds and the trustee custodian, if the collateral is held by a trustee custodian, is authorized to remit to the state depository any and all interest, distributions or prepayments of any kind, upon eligible collateral pledged by such depository.

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Legislative History

Acts 1985, ch. 118, § 35; 1994, ch. 752, § 13.

Nearby Sections

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Fiscal year for state and county government

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Right of prepayment to appear on instrument

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State-shared revenue to counties and municipalities - Effective date for distribution purposes

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Negotiability of public bonds

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Investments or deposits in federal savings banks or pooled investment fund - Deposits exceeding insurance limits

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Collection of funds on behalf of the state or local government - Acceptance of checks or money orders - Acceptance of credit or debit cards

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Penalties for nonpayment of checks or money orders

§ 9-1-110

Issuance of credit by commissioner of revenue for taxes, licenses or fees of amounts received by check or money order

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§ 9-1-116

Programs and services limited to extent funds available

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Receipt or collection of personal checks by state, municipal or county officials

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Depositing, investing or placing for deposit funds held by state and government entities

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Computer software as equipment for financing purposes

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Bluebook (online)

Tennessee § 9-4-405, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/9-4-405.