45-4-401 - Premiums for shares prohibited. - Tennessee Statutes

45-4-401. Premiums for shares prohibited.

Credit union shares shall in no event be sold at a premium by any credit union to its members.

[Acts 1931, ch. 67, § 1; C. Supp. 1950, § 3849; Acts 1979, ch. 86, § 6; T.C.A. (orig. ed.), § 45-1817.]