45-5-605 - Issuance of thrift certificates. - Tennessee Statutes

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45-5-605. Issuance of thrift certificates.

An industrial bank shall not issue thrift certificates until and unless:

(1) It is qualified for federal deposit insurance and its thrift certificates are insured by the federal deposit insurance corporation;

(2) It has filed the forms, documents and receipts to be used by it in the offering and sale of the thrift certificates with the commissioner; and

(3) It has complied with all rules and orders of the commissioner governing the issuance of the thrift certificates by it.

[Acts 1983, ch. 274, § 20.]

State Codes and Statutes

Statutes > Tennessee > Title-45 > Chapter-5 > Part-6 > 45-5-605

45-5-605. Issuance of thrift certificates.

An industrial bank shall not issue thrift certificates until and unless:

(1) It is qualified for federal deposit insurance and its thrift certificates are insured by the federal deposit insurance corporation;

(2) It has filed the forms, documents and receipts to be used by it in the offering and sale of the thrift certificates with the commissioner; and

(3) It has complied with all rules and orders of the commissioner governing the issuance of the thrift certificates by it.

[Acts 1983, ch. 274, § 20.]

State Codes and Statutes

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State Codes and Statutes

Statutes > Tennessee > Title-45 > Chapter-5 > Part-6 > 45-5-605

45-5-605. Issuance of thrift certificates.

An industrial bank shall not issue thrift certificates until and unless:

(1) It is qualified for federal deposit insurance and its thrift certificates are insured by the federal deposit insurance corporation;

(2) It has filed the forms, documents and receipts to be used by it in the offering and sale of the thrift certificates with the commissioner; and

(3) It has complied with all rules and orders of the commissioner governing the issuance of the thrift certificates by it.

[Acts 1983, ch. 274, § 20.]