45-3-403 - Right to act to avoid loss. - Tennessee Statutes

45-3-403. Right to act to avoid loss.

Nothing in this chapter or in the laws of this state shall be construed as denying to an association the right to invest its funds, operate its business, manage or deal in property, or take any other action over whatever period of time as may reasonably be necessary to avoid loss on a loan or investment theretofore made or an obligation created in good faith.

[Acts 1978, ch. 708, § 2.32; T.C.A., § 45-1432.]