9-4-105 - Required collateral. - Tennessee Statutes

9-4-105. Required collateral.

“Required collateral” means collateral whose market value is equal to one hundred five percent (105%) of the value of the state deposit secured thereby, less so much of such amount as is protected by the federal deposit insurance corporation.

[Acts 1985, ch. 118, § 17; 1990, ch. 702, § 2.]