45-3-401. Required liquidity.
No association shall invest in any security, other than in liquid assets, or in any real estate or other loan at any time when its liquid assets are less than a minimum percentage of its deposit liability, which percentage shall be set by the commissioner.
[Acts 1978, ch. 708, § 2.22; T.C.A., § 45-1422.]
45-3-401. Required liquidity.
No association shall invest in any security, other than in liquid assets, or in any real estate or other loan at any time when its liquid assets are less than a minimum percentage of its deposit liability, which percentage shall be set by the commissioner.
[Acts 1978, ch. 708, § 2.22; T.C.A., § 45-1422.]
45-3-401. Required liquidity.
No association shall invest in any security, other than in liquid assets, or in any real estate or other loan at any time when its liquid assets are less than a minimum percentage of its deposit liability, which percentage shall be set by the commissioner.
[Acts 1978, ch. 708, § 2.22; T.C.A., § 45-1422.]
