Esheria Regulatory Atlas

Banking and finance in United States — Tennessee

Financial services, banking, payments, credit, securities, and regulated finance. Every result links to its stored legal text and available official source evidence.

801 matching statutes

• United States — Tennessee

  TCA § 49-4-206 — Investment and deposit of funds

  1 provisions

  The Tennessee student assistance corporation may invest and reinvest its funds in specified U.S. or state bonds and securities, and may place funds on interest in qualifying Tennessee banks. Any interest or other earnings must be added to the corporation’s funds and assets.

  Act or statute Open & Chat

• United States — Tennessee

  TCA § 35-50-107 — Limitations on appointment of nonresident fiduciary

  1 provisions

  Nonresidents and certain out-of-state fiduciary corporations generally cannot be appointed or serve as fiduciaries in this state unless a resident cofiduciary is also appointed, with listed exceptions.

  Act or statute Open & Chat

• United States — Tennessee

  TCA § 45-8-102 — Purchase of stock by state banks authorized

  1 provisions

  State banks supervised by the department of financial institutions may buy stock in a small business investment company.

  Act or statute Open & Chat

• United States — Tennessee

  TCA § 45-2-1501 — Voluntary liquidation and dissolution

  1 provisions

  A state bank may liquidate and dissolve only with the commissioner’s approval, and then must stop doing business, notify affected persons, pay claims, and wind up its affairs.

  Act or statute Open & Chat

• United States — Tennessee

  TCA § 45-2-204 — Application for charter — Acceptance, nonacceptance and filing of application — Notice to other banks — Formation of interim bank

  1 provisions

  After approval of the notice of intention, the incorporators (or later the corporation) may file a charter application with the commissioner, and the incorporators must provide specified documents and updated information.

  Notice Open & Chat

• United States — Tennessee

  TCA § 5-8-204 — Deposit of funds by trustee

  1 provisions

  When the specified notice and order are received, the county trustee must deposit the funds in the designated bank or banks.

  Act or statute Open & Chat

• United States — Tennessee

  TCA § 45-14-111 — Costs, fees and assessments

  1 provisions

  Savings banks must pay costs, fees, and assessments using the method for commercial banks, except as to nondepository trust companies.

  Act or statute Open & Chat

• United States — Tennessee

  TCA § 45-14-107 — Loans to single borrower

  1 provisions

  Savings banks must follow the same loan-limit requirements as commercial banks for loans to any single borrower.

  Act or statute Open & Chat

• United States — Tennessee

  TCA § 45-2-1002 — Fiduciary powers

  1 provisions

  A bank acting as fiduciary gets broad fiduciary and investment powers, must use prudent care, and may be exempt from producing certain receipts and cancelled checks in some court accountings.

  Act or statute Open & Chat

• United States — Tennessee

  TCA § 45-2-1311 — Nonconforming assets or business

  1 provisions

  If a merging or converting bank has nonconforming assets or impermissible business activities, the commissioner may allow reasonable time to comply with state law.

  Act or statute Open & Chat

• United States — Tennessee

  TCA § 45-5-104 — Scope of chapter

  1 provisions

  This chapter applies only to industrial loan and thrift companies, industrial banks, and industrial investment companies, with specific exemptions for certain banks, lenders, pawnbrokers, and pawnbroker-related sales.

  Act or statute Open & Chat

• United States — Tennessee

  TCA § 45-1-124 — Application of this chapter and chapter 2 of this title

  1 provisions

  This section says how the chapter and chapter 2 apply to banks and trust companies, including limited grandfathering and a compliance period for certain state trust companies.

  Act or statute Open & Chat