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Tenn. Code Ann. § 45-2-1019

Pledge of assets

Acts 1999, ch. 112, § 10.

(1) A state trust company may not pledge or create a lien on any of its assets except: To secure the repayment of money borrowed;

(2) As specifically authorized or required by § 45-2-611; or

(3) By rules adopted under this chapter.

(4) An act, deed, conveyance, pledge, or contract in violation of this section is void.

Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.