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Tennessee Code Title 45. Banks and Financial Institutions § 45-2-106

Current as of January 02, 2024 | Updated by Findlaw Staff

(a) The following provisions of this chapter are applicable to state and federal savings and loan associations and savings banks; provided, that in the event of a conflict between the provisions and the provisions of a law on the same subject relating specifically to state or federal savings and loan associations or savings banks, the provisions of the specific law shall be controlling:

(1) Section 45-2-703 relating to deposits in two (2) or more names;

(2) Section 45-2-704 relating to deposits in trust;

(3) Section 45-2-706 relating to adverse claims to deposits;

(4) Section 45-2-707 relating to powers of attorney;

(5) Section 45-2-806 relating to the deposit of public funds and security requirements;

(6) Part 9 of this chapter relating to safe deposit and safekeeping; and

(7) Part 10 of this chapter relating to fiduciary powers.

(b) The following provisions of this chapter are applicable to state and federal savings and loan associations, savings banks, and credit unions; provided, that in the event of a conflict between the provisions and the provisions of a law on the same subject relating specifically to state or federal savings and loan associations, savings banks or credit unions, the provisions of the specific law shall be controlling:

(1) Section 45-2-708, relating to payment from accounts or contents of safe deposit boxes when no executor or administrator has qualified and given notice of the executor or administrator's qualifications; and

(2) Section 45-2-710, relating to the accrual of a civil action to enforce a claim on accounts.

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Cite this article: FindLaw.com - Tennessee Code Title 45. Banks and Financial Institutions § 45-2-106 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-45-banks-and-financial-institutions/tn-code-sect-45-2-106/

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