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Tennessee Code Title 45. Banks and Financial Institutions § 45-2-612

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

(a) Any bank may assume secondary liability as an endorser of a negotiable or nonnegotiable instrument that it owns or has received for collection or that of the guarantor of the genuineness of a signature.

(b) A bank may disclaim all or any part of the foregoing obligation in its guaranty; however, nothing in this section shall conflict with the Uniform Commercial Code, compiled in title 47, and the Uniform Commercial Code shall govern.

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Cite this article: FindLaw.com - Tennessee Code Title 45. Banks and Financial Institutions § 45-2-612 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-45-banks-and-financial-institutions/tn-code-sect-45-2-612/

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