TCA § 45-5-607 — Applicability of laws pertaining to banks

In order to protect the interests of holders of thrift certificates, in addition to the other provisions of chapters 1 and 2 of this title made applicable by this chapter to industrial banks, the following sections are applicable to industrial banks as to state banks generally: §§ 45-1-122 ; 45-2-101 [repealed]; 45-2-103 ; 45-2-203 ; 45-2-207(a) , (d) and (e); 45-2-207(c) , except the reference to “trust powers”; 45-2-208 , except that loan limits for industrial banks shall be controlled by § 45-5-302 , rather than § 45-2-1102 ; 45-2-209 [repealed]; 45-2-404 ; 45-2-607 , except that industrial banks may invest in obligations that satisfy the requirements of chapter 5 of this title; and 45-2-616 . Acts 1983, ch. 274, § 20. Compiler's Notes. Section 45-2-209, referred to in this section, was repealed by Acts 1994, ch. 551, § 5. Section 45-2-101, referred to in this section, was repealed by Acts 2001, ch. 54, § 4.