45-5-607 - Applicability of laws pertaining to banks. - Tennessee Statutes

45-5-607. Applicability of laws pertaining to banks.

In order to protect the interests of holders of thrift certificates, in addition to the other provisions of chapters 1 and 2 of this title made applicable by this chapter to industrial banks, the following sections are applicable to industrial banks as to state banks generally: §§ 45-1-122; 45-2-101 [repealed]; 45-2-103; 45-2-203; 45-2-207(a), (d) and (e); § 45-2-207(c), except the reference to “trust powers”; § 45-2-208, except that loan limits for industrial banks shall be controlled by § 45-5-302, rather than §§ 45-2-1102; 45-2-209 [repealed]; 45-2-404; 45-2-607, except that industrial banks may invest in obligations that satisfy the requirements of chapter 5 of this title; and § 45-2-616.

[Acts 1983, ch. 274, § 20.]