45-3-523 - Association deposits and collections. - Tennessee Statutes

45-3-523. Association deposits and collections.

To the extent that an association accepts demand deposit accounts, or offers checking accounts or negotiable orders of withdrawal, the Uniform Commercial Code setting out the relationship between a payor bank and its customers, compiled in title 47, chapter 4, part 4, shall apply to the association, and all references to “banks” are deemed references to “associations.”

[Acts 1983, ch. 191, § 2.]