Tennessee § 45-2-1802 - Powers generally.
Full text of Tennessee Tennessee Code Annotated § 45-2-1802 — Powers generally., with citation guidance and answers to common questions.
§ 45-2-1802. Powers generally.
An authorized state bank, directly or indirectly through a subsidiary, may: Provide portfolio investment advice to customers; Serve as investment advisor to investment companies, including, but not limited to, open-end and closed-end mutual funds, private investment companies and investment companies registered under the Investment Companies Act of 1940; Serve as investment or financial advisor to states, counties and municipalities or subdivisions or instrumentalities thereof; Act as general partner to investment partnerships; Act as dealer-manager or financial advisor to corporations or partnerships, including, but not limited to, providing valuation advice, opinions with respect to sales or purchases or assets, corporate restructuring, issuances of securities, mergers and other acquisitions; Engage in the sale, distribution, and underwriting of, and deal in, commercial paper issued by any entity; Engage in the sale, distribution, and underwriting of, and deal in, promissory notes secured by real estate mortgages, credit obligations secured by real or personal property or manufactured housing, participation interests in promissory notes and credit obligations, and mortgage related payment bonds secured by promissory notes; and Engage in the sale, distribution and underwriting of, and deal in, stocks, bonds, debentures, notes, mutual fund shares or unit investment trust interest, and other securities which may be sold by a broker-dealer, financial institution or investment company under Tennessee law. Acts 1989, ch. 168, § 1.
Frequently Asked Questions About Tennessee § 45-2-1802
What does Tennessee Code Annotated § 45-2-1802 cover?
Section 45-2-1802 ("Powers generally.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 45-2-1802?
A common citation format is "Tennessee Code Annotated § 45-2-1802" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 45-2-1802 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.