State Codes and Statutes

Statutes > Tennessee > Title-6 > Chapter-56 > Part-1 > 6-56-110

6-56-110. Deposits Collateral.

Notwithstanding any other public or private act to the contrary, any municipal funds deposited with a financial institution shall be secured by collateral in the same manner and under the same conditions as state deposits under title 9, chapter 4, parts 1 and 4, or as provided in the collateral pool created under title 9, chapter 4, part 5.

[Acts 1992, ch. 592, § 8; 1994, ch. 752, § 8; 1997, ch. 217, § 1.]  

State Codes and Statutes

Statutes > Tennessee > Title-6 > Chapter-56 > Part-1 > 6-56-110

6-56-110. Deposits Collateral.

Notwithstanding any other public or private act to the contrary, any municipal funds deposited with a financial institution shall be secured by collateral in the same manner and under the same conditions as state deposits under title 9, chapter 4, parts 1 and 4, or as provided in the collateral pool created under title 9, chapter 4, part 5.

[Acts 1992, ch. 592, § 8; 1994, ch. 752, § 8; 1997, ch. 217, § 1.]  


State Codes and Statutes

State Codes and Statutes

Statutes > Tennessee > Title-6 > Chapter-56 > Part-1 > 6-56-110

6-56-110. Deposits Collateral.

Notwithstanding any other public or private act to the contrary, any municipal funds deposited with a financial institution shall be secured by collateral in the same manner and under the same conditions as state deposits under title 9, chapter 4, parts 1 and 4, or as provided in the collateral pool created under title 9, chapter 4, part 5.

[Acts 1992, ch. 592, § 8; 1994, ch. 752, § 8; 1997, ch. 217, § 1.]