45-8-102 - Purchase of stock by state banks authorized. - Tennessee Statutes

45-8-102. Purchase of stock by state banks authorized.

State banks under the supervision of the department of financial institutions shall be authorized to purchase stock in a small business investment company in the same manner and subject to the same restrictions and limitations as national banks under the Small Business Investment Act of 1958, Public Law 85-699, 85th Congress, second session, 72 Stat. 689, including any amendments thereto hereafter adopted.

[Acts 1959, ch. 22, § 2 (T.C.A. (Supp.), § 48-828); T.C.A., § 45-2502.]