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Tennessee Code Title 45. Banks and Financial Institutions § 45-5-605

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

An industrial bank shall not issue thrift certificates until and unless:

(1) It is qualified for federal deposit insurance and its thrift certificates are insured by the Federal Deposit Insurance Corporation;

(2) It has filed the forms, documents and receipts to be used by it in the offering and sale of the thrift certificates with the commissioner; and

(3) It has complied with all rules and orders of the commissioner governing the issuance of the thrift certificates by it.

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Cite this article: FindLaw.com - Tennessee Code Title 45. Banks and Financial Institutions § 45-5-605 - last updated January 02, 2024 | https://codes.findlaw.com/tn/title-45-banks-and-financial-institutions/tn-code-sect-45-5-605/

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