Skip to main content

Tennessee Code Title 45. Banks and Financial Institutions § 45-4-1101

Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.

(a) There is created the State Credit Union Share-Insurance Corporation, a nonprofit membership public corporation, sometimes referred to as “the corporation” in this part.

(b) The corporation may begin operations at any time within one (1) year after March 13, 1974, upon the adoption of articles of incorporation by the duly authorized representatives of not less than nine (9) credit unions chartered and existing under the laws of Tennessee.  The articles of incorporation shall be subject to the approval of the commissioner of financial institutions, and shall be filed with the secretary of state and with the commissioner;  and shall be recorded in the register's office of Hamilton County in which shall be located the principal office of the corporation.

Cite this article: - Tennessee Code Title 45. Banks and Financial Institutions § 45-4-1101 - last updated January 01, 2020 |

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

Copied to clipboard