45-3-1302 - Receipt of deposits while in an impaired condition. - Tennessee Statutes

45-3-1302. Receipt of deposits while in an impaired condition.

(a)  It is unlawful for an association, directly or indirectly, to receive any deposit while in an impaired condition, except with the express written consent of the commissioner, or for an officer, director, agent, or employee of an association who knows, or in the proper performance of the person's duties should know, of the impaired condition, directly or indirectly, to receive or authorize the receipt of the deposits.

(b)  A violation of this section is a Class B misdemeanor.

[Acts 1978, ch. 708, § 5.06; T.C.A., § 45-1706; Acts 1989, ch. 591, § 112.]