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Tenn. Code Ann. § 45-3-1204

Appointment of receiver

Known as the Tennessee Savings and Loan Act

The act spans §§ 45-3-1001 to 45-3-901 (137 sections).

Acts 1978, ch. 708, § 5.04; T.C.A., § 45-1704.

(1) The commissioner, after taking possession of an association for any of the purposes set forth, may, upon application to and approval by the court in which the notice of possession was filed, place the possession of the association in a receiver.

(2) Without limitation to the scope of the powers and responsibilities of a receiver under any law of this state, the receiver shall have all the rights, powers, duties, and obligations granted to the commissioner in possession.

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.