Tennessee § 45-2-1805 - Lending limits.
Full text of Tennessee Tennessee Code Annotated § 45-2-1805 — Lending limits., with citation guidance and answers to common questions.
§ 45-2-1805. Lending limits.
The lending limit provisions of § 45-2-1102 shall apply to extensions of credit by a state bank to any subsidiary engaging in one (1) or more of the activities permitted in § 45-2-1802, and the sale and purchase of classified loans or loan participations restrictions of § 45-2-1102 shall apply to sales or purchases of classified loans from a state bank to any subsidiary engaged in one (1) or more of the activities permitted in § 45-2-1802. The amount of any outstanding underwriting commitment or obligation of a state bank or its subsidiary with respect to any single issuer shall not exceed: The total of the combined lending limits, state and federal, of the state bank and all other banks that are controlled by the same holding company as the state bank; less The total of all outstanding extensions of credit to the issuer from the state bank and from all other banks that are controlled by the same bank holding company as the state bank; provided, that: The distribution of open-end mutual funds shall not be considered underwriting; and An obligation authorized by § 45-2-607 that is held as an investment by a state bank shall not be considered an extension of credit by the bank. Acts 1989, ch. 168, § 1.
Frequently Asked Questions About Tennessee § 45-2-1805
What does Tennessee Code Annotated § 45-2-1805 cover?
Section 45-2-1805 ("Lending limits.") 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 § 45-2-1805?
A common citation format is "Tennessee Code Annotated § 45-2-1805" (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 § 45-2-1805 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.