Tenn. Code Ann. § 45-8-102
Purchase of stock by state banks authorized
Redline — September 1, 2020 → current.View current text →
Current — September 30, 2020
As of September 1, 2020
State banks under the supervision of the department of financial institutions shall be authorized to purchase stock in a small business investment company in the same manner and subject to the same restrictions and limitations as national banks under the Small Business Investment Act of 1958, Public Law 85-699, 85th Congress, second session, 72 Stat. 689, including any amendments thereto hereafter adopted.
State banks under the supervision of the department of financial institutions shall be authorized to purchase stock in a small business investment company in the same manner and subject to the same restrictions and limitations as national banks under the Small Business Investment Act of 1958, Public Law 85-699, 85th Congress, second session, 72 Stat. 689 ( 15 U.S.C. § 661 et seq.), including any amendments thereto hereafter adopted.
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.