TCA § 45-3-501 — Deposit liability
An association’s deposit liability is limited to deposit accounts, credited interest, and minus redemption and withdrawal payments. Depositors may add to their accounts unless limited by the board, accounts must be open for cash, interest must be declared under this chapter, and no depositor preference may be created o
- Jurisdiction
- United States — Tennessee
- Instrument
- Act or statute
- Version
- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
Statute overview
About this statute
An association’s deposit liability is limited to deposit accounts, credited interest, and minus redemption and withdrawal payments. Depositors may add to their accounts unless limited by the board, accounts must be open for cash, interest must be declared under this chapter, and no depositor preference may be created on liquidation or winding up.
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TCA § 45-3-501 — Deposit liability
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