45-4-1210 - Supervision by commissioner of financial institutions Fee. - Tennessee Statutes

45-4-1210. Supervision by commissioner of financial institutions Fee.

(a)  The corporation is declared to be performing the functions of a credit union and shall be subject to exclusive supervision and an annual examination by the commissioner of financial institutions.

(b)  The corporation shall pay an annual supervision fee equal in amount to one half (½) of the fee calculated to be due in accordance with § 45-4-1002(c)(1) from a noncorporate credit union having assets equal in amount to the corporation.

[Acts 1981, ch. 76, § 10; 1984, ch. 714, § 4.]